eBook Calculator Prmitem 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 $1,732,080 $888,790 $2,127,400 Average total assets 721,700 1,269,700 483,500 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 eamed for every dollar of assets, the efficient a firm is in using assets. Earnings per Share and Price-Earnings Ratio A company reports the following: Net Income Preferred dividends $229,000 $13,000 20,000 Shares of common stock outstanding Market price per share of common stock $50.76 a. Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Use the rounded answer of requirement a for subsequent requirement, if required. b. Determine the company's price-earnings ratio. Round to one decimal place. Five Measures of Solvency or Profitability The balance sheet for Garcon Inc, at the end of the current fiscal year indicated the following: Bonds payable, 8% $1,200,000 Preferred $5 stock, $50 par $96,000 Common stock, $9 par $399,600.00 Income before income tax was $220,800, and income taxes were $33,600 for the current year. Cash dividends paid on common stock during the current year totaled $62,160. The common stock was selling for $40 per share at the end of the year. Determine each of the following. Round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent. Use the rounded answers for subsequent requirements, if required. a. Times interest earned ratio times b. Earnings per share on common stock c. Price earnings ratio d. Dividends per share of common stock % e. Dividend yield