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Asset turnover Three major segments of the transportation industry are motor carriers, such...

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Accounting

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Asset turnover 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): Atlantic Pacific Mediterranean Sales $3,244,212 $3,325,968 $2,153,053 Average total assets 954,180 1,231,840 500,710 a. Determine the asset turnover for all three companies. Round to one decimal place. Atlantic Pacific Mediterranean

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