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question 10 ratio of sales to assets three major segments of the transportation indu 4279736

Question

10.

Ratio of Sales to Assets

Three major segments of the transportation industry are motor carriers, such as Atlantic; railroads, such as Pacific; and transportation arrangement services, such as Mediterranean. Recent financial statement information for these three companies is shown as follows (in thousands of dollars):

a. Determine the ratio of sales to assets for all three companies. Round to one decimal place.

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.

 

Atlantic

Pacific

Mediterranean

Sales

$990,825

 

$5,074,020

 

$301,847

 

Average total assets

900,750

 

1,409,450

 

431,210

 

             

 

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