Three major segments of the transportation industry are motor carriers, such as YRC Worldwide; railroads, such as Union Pacific; and transportation logistics services, such as C. H. Robinson Worldwide, Inc. Recent financial statement information for these three companies is shown as follows (in thousands of dollars) : YRC Worldwide Union Pacific C. H. Robinson Worldwide Inc. Sales $4,334,640 $16,965,000 $9,274,305 Average total assets 2,812,504 42,636,000 1,914,974 a. Determine the asset turnover for all three companies. Round to one decimal place.

The assets turnover for the three companies are as follows:

YRC Worldwide Union 1.54

Pacific C. H. 0.40

Robinson Worldwide Inc 4.84

Asset turnover implies how much sales generated by an organization from $1 of asset deployed to the business.

Judging from the above, Robinson Worldwide Inc was the most effective in using its assets to generate sales. It generated $4.84 in sales for every $1 of asset used.

Explanation:

YRC Worldwide Union Pacific C. H. Robinson Worldwide Inc

Asset turnover=net sales/average total assets

Sales 4,334,640.00 16,965,000.00 9,274,305.00

Average Total Assets 2,812,504.00 42,636,000.00 1,914,974.00

Asset turnover=net sales/average total assets

1.54 0.40 4.84