Three major segments of the transportation industry are motor carriers such as Atlantic Worldwide, railroads such as Pacific, and transportation logistics services such as Mediterranean. Recent financial statement information for these three companies follows (in thousands): Atlantic Pacific Mediterranean Sales $2,137,160 $978,880 $2,685,760 Average total assets 929,200 1,398,400 610,400 a. Determine the asset turnover for all three companies. Round to one decimal place. Atlantic fill in the blank 1 Pacific fill in the blank 2 Mediterranean fill in the blank 3
Three major segments of the transportation industry are motor carriers such as Atlantic Worldwide, railroads such as Pacific, and transportation logistics services such as Mediterranean. Recent financial statement information for these three companies follows (in thousands): Atlantic Pacific Mediterranean Sales $2,137,160 $978,880 $2,685,760 Average total assets 929,200 1,398,400 610,400 a. Determine the asset turnover for all three companies. Round to one decimal place. Atlantic fill in the blank 1 Pacific fill in the blank 2 Mediterranean fill in the blank 3
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Asset turnover
Three major segments of the transportation industry are motor carriers such as Atlantic Worldwide, railroads such as Pacific, and transportation logistics services such as Mediterranean. Recent financial statement information for these three companies follows (in thousands):
| Atlantic | Pacific | Mediterranean | ||||
| Sales | $2,137,160 | $978,880 | $2,685,760 | |||
| Average total assets | 929,200 | 1,398,400 | 610,400 |
a. Determine the asset turnover for all three companies. Round to one decimal place.
| Atlantic | fill in the blank 1 |
| Pacific | fill in the blank 2 |
| Mediterranean | fill in the blank 3 |
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