Chat with AI
Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Edition 26ISBN: 978-1337498159 Exercise 35
Ratio of sales to assets
Three major segments of the transportation industry are motor carriers, such as YRC Worldwide; railroads, such as Union Pacific; and transportation arrangement services, such as C.H. Robinson Worldwide Inc. 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. Assume that the ratio of sales to assets for each company represents their respective industry segment. Interpret the differences in the ratio of sales to assets in terms of the operating characteristics of each of the respective segments.
Three major segments of the transportation industry are motor carriers, such as YRC Worldwide; railroads, such as Union Pacific; and transportation arrangement services, such as C.H. Robinson Worldwide Inc. 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. Assume that the ratio of sales to assets for each company represents their respective industry segment. Interpret the differences in the ratio of sales to assets in terms of the operating characteristics of each of the respective segments.
Explanation
Verified
Verified
Profitability analysis
Profitability ana...
Accounting 26th Edition by Carl Warren ,Jim Reeve ,Jonathan Duchac
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
