Asset TurnoverThree major transportation segments and a major company within each segment are as follows:SegmentCompanyMotor carriersYRC Worldwide Inc. (YRCW)RailroadsUnion Pacific Corporation (UNP)Transportation ArrangementC.H. Robinson Worldwide Inc. (CHRW)C.H. RobinsonYRC Worldwide Union PacificWorldwideSales$1,565,394$3,892,360$2,173,951Average long-term operating assets920,8201,255,600505,570a. Determine the asset turnover for all three companies. Round to one decimal place.YRC WorldwideUnion PacificC.H. Robinson Worldwide

We know that asset turn over is the amount of sales generated by each dollar value of assets engaged…

Answered: Asset Turnover

Business

Accounting

Asset Turnover

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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Question

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

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