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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 | ||||
Net sales | $819,566 | $4,253,952 | $1,697,955 | |||
Average total assets | 745,060 | 1,329,360 | 485,130 |
a. Determine the ratio of net sales to assets for all three companies. Round to one decimal place.
Atlantic | |
Pacific | |
Mediterranean |
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