United Continental Holdings, Inc., (UAL), operates passenger service throughout the world. The following data (in millions) were adapted from a recent financial statement of United. Southwest Airlines (LUV) operates passenger services throughout the United States. The following data (in millions) were adapted from a recent financial statement of Southwest. JetBlue Airways Corporation (JBLU) operates passenger services throughout the United States. The following data (in millions) were adapted from recent financial statements of JetBlue. 2. Which of the following are possible reasons ratios for the airlines noted here differ? a. The overall size of operations b. Flight destinations c. The age and type of equipment d. That fixed assets are fully depreciated Choose the correct answer: x Feedback Check My Work 1. Divide sales by average long-term operating assets. 2. Asset turnover measures how efficiently a company uses its operating assets to generate sales. A higher asset turnover ratio indicates that the long-term operating assets of a company are effectively utilized in generating sales. The following data (in millions) adapted from recent financial statements for Delta Air Lines (DAL). 1. Calculate the current fixed asset turnover ratios for United, Southwest, JetBlue, and Delta Air Lines. Use Year 2 of Delta and Jet Blue for your comparison. Round your answers to two decimals. 2. Which of the following are possible reasons ratios for the airlines noted here differ