Asset turnover Three major segments of the transportation industry are motor carriers such as Atlantic Worldwide, railroads such as Pacific, and transportation logist services such as Mediterranean. Recent financial statement information for these three companies follows (in thousands): Atlantic Pacific Mediterranean Sales $1,792,850 $966,350 $2,339,400 Average total assets 779,500 1,380,500 557,000 a. Determine the asset turnover for all three companies. Round your answers to two decimal places. Atlantic Pacific Mediterranean

Asset turnover Three major segments of the transportation industry are motor carriers such as Atlantic Worldwide, railroads such as Pacific, and transportation logist services such as Mediterranean. Recent financial statement information for these three companies follows (in thousands): Atlantic Pacific Mediterranean Sales $1,792,850 $966,350 $2,339,400 Average total assets 779,500 1,380,500 557,000 a. Determine the asset turnover for all three companies. Round your answers to two decimal places. Atlantic Pacific Mediterranean

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 16E

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Asset Turnover Three major transportation segments and a major company within each segment are as follows: Company YRC Worldwide Inc. (YRCW) Union Pacific Corporation (UNP) Transportation Arrangement C.H. Robinson Worldwide Inc. (CHRW) Segment Motor carriers Railroads Sales Average long-term operating assets YRC Worldwide Union Pacific YRC Worldwide Union Pacific C.H. Robinson Worldwide $1,840,671 $3,849,984 876,510 1,425,920 C.H. Robinson a. Determine the asset turnover for all three companies. Round to one decimal place. Worldwide $1,945,314 463,170 b. Based on your calculations above which of the following statements are correct. All of the above
Asset turnover Three major segments of the transportation industry are motor carriers such as Atlantic Worldwide, railroads such as Pacific, and transportation logistics services such as Mediterranean. Recent financial statement information for these three companies follows (in thousands): Atlantic Pacific Mediterranean Sales $1,956,150 $389,280 $2,168,490 Average total assets 931,500 1,297,600 528,900 a. Determine the asset turnover for all three companies. Round to one decimal place. Atlantic fill in the blank 1 Pacific fill in the blank 2 Mediterranean fill in the blank 3 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, the efficient a firm is in using assets.
Asset turnover Three major segments of the transportation industry are motor carriers such as Atlantic Worldwide, railroads such as Pacific, and transportation logistics services such as Mediterranean. Recent financial statement information for these three companies follows (in thousands): Atlantic Pacific Mediterranean Sales $2,137,160 $978,880 $2,685,760 Average total assets 929,200 1,398,400 610,400 a. Determine the asset turnover for all three companies. Round to one decimal place. Atlantic fill in the blank 1 Pacific fill in the blank 2 Mediterranean fill in the blank 3
Analyze and compare CSX, Union Pacific, and YRC Worldwide CSX Corporation (CSX) and Union Pacific Corporation (UNP) are major railroads, operating primarily in the eastern and western portion of the United States, respectively. YRC Worldwide Inc. (YRCW) is one of the largest trucking companies in the United States. The sales and total assets (in millions) for a recent year for each company are as follows: a. Compute the asset turnover ratio for each company. Round to two decimal places. b. Which of the two railroad companies is more efficient in generating revenues from its assets? c. How does YRCs asset turnover ratio compare to the two railroads? Why?
Analyze Home Depot The Home Depot (HD) reported the following data (in millions) in its recent financial statements: a. Determine the asset turnover ratio for Home Depot for Year 2 and Year 1. Round to two decimal places. b. What conclusions can be drawn from these ratios concerning the change in the ability of Home Depot to effectively use its assets to generate sales?
Compare Dollar Tree and Dollar General The asset turnover ratios for two recent years for Dollar Tree, Inc. (DLTR) are shown in the Analysis for Decision Making section of this chapter. Using your results from MAD 5-2, compare and interpret the asset turnover ratios for Dollar Tree and Dollar General (DG).
FedEx Corporation and United Parcel Service, Inc. compete in the package delivery business. The major fixed assets for each business include aircraft, sorting and handling facilities, delivery vehicles, and information technology. The sales and average book value of fixed assets reported on recent financial statements for each company were as follows: a. Compute the fixed asset turnover ratio for each company. Round to one decimal place. b. Which company appears more efficient in using fixed assets? c. Interpret the meaning of the ratio for the more efficient company.
Asset turnover 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 $2,542,774 $6,497,743 $317,128 Average total assets 977,990 1,326,070 453,040 a. Determine the asset turnover for all three companies. Round to one decimal place. Atlantic fill in the blank 1 Pacific fill in the blank 2 Mediterranean fill in the blank 3 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, the ----- efficient a firm is in using assets.
Asset Turnover Three major transportation segments and a major company within each segment are as follows: Segment Company Motor carriers YRC Worldwide Inc. (YRCW) Railroads Union Pacific Corporation (UNP) Transportation Arrangement C.H. Robinson Worldwide Inc. (CHRW) C.H. Robinson YRC Worldwide Union Pacific Worldwide Sales $1,565,394 $3,892,360 $2,173,951 Average long-term operating assets 920,820 1,255,600 505,570 a. Determine the asset turnover for all three companies. Round to one decimal place. YRC Worldwide Union Pacific C.H. Robinson Worldwide
EX.17-16.ALGO - Asset turnover Three major segments of the transportation industry are motor carriers such as Atlantic Worldwide, railroads such as Pacific, and transportation logistics services such as Mediterranean. Recent financial statement information for these three companies follows (in thousands): Sales Atlantic $2,080,260 Mediterranean Pacific $643,500 Average total assets 800,100 1,287,000 505,300 Determine the asset turnover for all three companies. Round to one ecimal place. Atlantic Pacific I Mediterranean $2,122,260
Select financial statement data for two recent years for Davenport Company are as follows: Line Item Description 20Y5 20Y4 Sales $2,011,500 $1,088,000 Fixed assets: Beginning of year 720,000 640,000 End of year 770,000 720,000 a. Determine the fixed asset turnover ratio for 20Y4 and 20Y5. Round your answers to one decimal place. Line Item Description 20Y5 20Y4 Fixed Asset Turnover Ratio fill in the blank 1 of 2 fill in the blank 2 of 2
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