United Continental Holdings, Inc., (UAL), operates passenger service throughout the world. The following data (in millions) were

Question:

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.
Sales (revenue) ..................................................... $ 38,901
Average property, plant and equipment .......................... 17,219
Average ........................................... 8,883
1. Compute the Round to two decimal places.
2. Compare the results from part (1) with Delta's of 1.11.
Intangible Assets
An intangible asset is a resource controlled by an entity without physical substance. Unlike other assets, an intangible asset has no physical existence and you cannot touch it.Types of Intangible Assets and ExamplesSome examples are patented... Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.