Answer and Explanation:
The computation of the asset turnover for all three companies is as follows:
<u>Particulars YRC UNP CH
</u>
Sales 4697500 19941000 13144413
Divided by
Average
total assets 1824700 55159000 3436058
Assets turnover 2.6 0.4 3.8
Budget writers, just took a test that had the same question.
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Hope this helped.
Answer:
Turnover = 4.02
Explanation:
Below is the given values:
Total sales = $25720000
Average operating assets = $6400000
Use the below formula to find the turnover.
Turnover = total sales / Average operating assets
Now plug the values in the formula and divide the total sales from average operating assets.
Turnover = 25720000 / 6400000
Turnover = 4.02
