Chapter 17 Homework Asset turnover Three major segments of the transportation industry are motor carriers such as Atlantic Worldwide, railroads such as Pacific, and transportation logistics services such as Mediterranean. Recent financial statement information for these three companies follows (in thousands): Atlantic Pacific Mediterranean Sales $2,195,640 $381,180 $2,672,560 Average total assets 813,200 1,270,600 607,400 a. Determine the asset turnover for all three companies. Round to one decimal place. Atlantic Pacific Mediterranean b. The ratio of sales to assets measures the number of sales dollars earned for each dollar of assets. The greater the number of sales dollars earned for every dollar of assets, the more v efficient a firm is in using assets. Feedback Check My Work a. Divide sales by average total assets. b. Consider the differences among the three companies