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Asset turnover United Continental Holdings, Inc., (UAL), operates passenger service throughout the world. The following data (in millions) were adapted from a recent financial statement
Asset turnover United Continental Holdings, Inc., (UAL), operates passenger service throughout the world. The following data (in millions) were adapted from a recent financial statement of United. Sales (revenue) Average property, plant, and equipment 17,219 Average intangible assets 1. Compute the asset turnover. Round your answer to two decimal places $38,901 8,883 2. If Delta, has a recent asset turnover of 1.11, United Continental Holdings, Inc. is generating $0.38 more sales per average dollar of invested long-term operating assets than Delta
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