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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 $504,216 $2,461,824 $2,018,664 Average total assets 840,360 1,367,680 560,740 a. Determine the asset turnover for all three companies. Round to one decimal place. Atlantic Pacific Mediterranean
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