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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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):
Sales
YRC Worldwide
YRC
$4,871,200
$21,708,000
$15,309,508
Average total assets
3,448,700
60,410,000
4,534,236
a. Determine the asset turnover for all three companies. Round your answers to one decimal place.
Union Pacific
Union Pacific
C.H. Robinson
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.
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