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Business
Accounting
Asset Turnover

Asset Turnover

FINANCIAL ACCOUNTING
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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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
Transcribed Image Text: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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