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Three major segments of the transportation industry are motor carriers, such as Atlantic; railroads, such as Pacific; and transportation arrangement services, such as Mediterranean. Recent

Three major segments of the transportation industry are motor carriers, such as Atlantic; railroads, such as Pacific; and transportation arrangement services, such as Mediterranean. Recent financial statement information for these three companies is shown as follows (in thousands of dollars):

Atlantic Pacific Mediterranean
Sales $2,866,710 $4,453,119 $1,404,414
Average total assets 868,700 1,436,490 638,370

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 efficient a firm is in using assets.

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