Answer Happy

Asset turnover Three major segments of the transportation industry are motor camers, 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 $1,534,165 $4,311,285 $873,900 Average total assets 902,450 1,306,450 436,950 a. Determine the asset turnover for all three companies. Round to one decimal place. Atlantic Pacific Mediterranean efficient a 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, thel firm is in using assets.