Question

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.

Answer 1

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