Three major segments of the transportation industry are motor carriers such as YRC Worldwide, railroads such as Union Pacific, and transportation logistics services such as C.H. Robinson Worldwide, Inc. Recent financial statement information for these three companies follows (in thousands): YRC Union Pacific C.H. Robinson Sales $5,092,000 $22,832,000 $16,631,172 Average total assets 1,601,300 58,476,500 4,331,623 a. Determine the asset turnover for all three companies. Round your answers to one decimal place. YRC fill in the blank 1 Union Pacific fill in the blank 2 C.H. Robinson 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
Three major segments of the transportation industry are motor carriers such as YRC Worldwide, railroads such as Union Pacific, and transportation logistics services such as C.H. Robinson Worldwide, Inc. Recent financial statement information for these three companies follows (in thousands): YRC Union Pacific C.H. Robinson Sales $5,092,000 $22,832,000 $16,631,172 Average total assets 1,601,300 58,476,500 4,331,623 a. Determine the asset turnover for all three companies. Round your answers to one decimal place. YRC fill in the blank 1 Union Pacific fill in the blank 2 C.H. Robinson 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Three major segments of the transportation industry are motor carriers such as YRC Worldwide, railroads such as Union Pacific, and transportation logistics services such as C.H. Robinson Worldwide, Inc. Recent financial statement information for these three companies follows (in thousands):
YRC |
Union Pacific |
C.H. Robinson | ||||
| Sales | $5,092,000 | $22,832,000 | $16,631,172 | |||
| Average total assets | 1,601,300 | 58,476,500 | 4,331,623 |
a. Determine the asset turnover for all three companies. Round your answers to one decimal place.
| YRC | fill in the blank 1 |
| Union Pacific | fill in the blank 2 |
| C.H. Robinson | 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.
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