Asset turnover United Continental Holdings, Inc., (UAL), operates passenger service throughout the world. The following data (in millions) were adapted from a recent financial statement of United. Sales (revenue) $38,901 Average property, plant, and equipment 17,219 Average intangible assets 8,883 1. Compute the asset turnover. Round your answer to two decimal places. fill in the blank 1 2. If Delta, has a recent asset turnover of 1.11, United Continental Holdings, Inc. is generating __________ more sales per average dollar of invested long-term operating assets than Delta. (Options: $1.49, $1.73. $1,995, $0.38)
Asset turnover United Continental Holdings, Inc., (UAL), operates passenger service throughout the world. The following data (in millions) were adapted from a recent financial statement of United. Sales (revenue) $38,901 Average property, plant, and equipment 17,219 Average intangible assets 8,883 1. Compute the asset turnover. Round your answer to two decimal places. fill in the blank 1 2. If Delta, has a recent asset turnover of 1.11, United Continental Holdings, Inc. is generating __________ more sales per average dollar of invested long-term operating assets than Delta. (Options: $1.49, $1.73. $1,995, $0.38)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Asset turnover
United Continental Holdings, Inc., (UAL), operates passenger service throughout the world. The following data (in millions) were adapted from a recent financial statement of United.
| Sales (revenue) | $38,901 | |
| Average property, plant, and equipment | 17,219 | |
| Average intangible assets | 8,883 |
1. Compute the asset turnover. Round your answer to two decimal places.
fill in the blank 1
2. If Delta, has a recent asset turnover of 1.11, United Continental Holdings, Inc. is generating __________ more sales per average dollar of invested long-term operating assets than Delta. (Options: $1.49, $1.73. $1,995, $0.38)
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