3 Asset turnoverThree major segments of the transportation industry are motor carriers, such as YRC Worldwide (YRCW); railroads, such as UnionPacific (UNP); and transportation logistics services, such as C.H. Robinson Worldwide, Inc. (CHRW). Financial statement informationfor these three companies follows (in thousands):SalesYRC WorldwideYRC$4,871,200$21,708,000$15,309,508Average total assets3,448,70060,410,0004,534,236a. Determine the asset turnover for all three companies. Round your answers to one decimal place.Union PacificUnion PacificC.H. RobinsonC.H. Robinson Worldwide<b. The ratio of sales to assets measures the number of sales dollars earned for each dollar of assets. The greater the number of salesdollars earned for every dollar of assets, theefficient a firm is in using assets.

The assets turnover ratio indicates the efficiency of the firm in generating revenue by using…

Asset turnover Three major segments of the transportation industry are motor carriers, such as YRC Worldwide (YRCW); railroads, such as Union Pacific (UNP); and transportation logistics services, such as C.H. Robinson Worldwide, Inc. (CHRW). Financial statement information for these three companies follows (in thousands): YRC Sales $4,871,200 $21,708,000 Average total assets 3,448,700 60,410,000 a. Determine the asset turnover for all three companies. Round your answers to one decimal place. YRC Worldwide Union Pacific Union Pacific C.H. Robinson $15,309,508 4,534,236 C.H. Robinson Worldwide 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 YRC Worldwide (YRCW); railroads, such as Union Pacific (UNP); and transportation logistics services, such as C.H. Robinson Worldwide, Inc. (CHRW). Financial statement information for these three companies follows (in thousands): YRC Sales $4,871,200 $21,708,000 Average total assets 3,448,700 60,410,000 a. Determine the asset turnover for all three companies. Round your answers to one decimal place. YRC Worldwide Union Pacific Union Pacific C.H. Robinson $15,309,508 4,534,236 C.H. Robinson Worldwide 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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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