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Three major segments of the transportation industry are motor carriers, such as YRC Worldwide (YRCW); railroads, such as Union Pacific (UNP); and transportation logistics services, such as C.H. Robinson Worldwide, Inc. (CHRW). Financial statement information for these three companies follows (in thousands):
YRC Union Pacific C.H. Robinson
Sales $4,697,500 $19,941,000 $13,144,413
Average total assets 1,824,700 55,159,000 3,436,058
Determine the asset turnover for all three companies.

Respuesta :

Answer and Explanation:

The computation of the asset turnover for all three companies is as follows:

Particulars        YRC            UNP                CH

Sales                4697500    19941000          13144413

Divided by

Average

total assets     1824700       55159000          3436058

Assets turnover  2.6                0.4                    3.8

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