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takeAssignmentMain.dolinvoker takeAssignmentSessionLocatora assignment-take&ing; · C Tulsa Co eBook Calculator Asset turnover Three major segments of the transportation industry are motor carriers, such as Atlantic; railroads, such as Pacdif shown as follows (in thousands of dollars): Atlantic Pacific Mediterranean $2,259,264 470,680 Sales Average total assets a. Determine the asset turnover for all three companies. Round to one decimal place. Atlantic Pacific Mediterranean b. $1,174,927 $4,725,900 903,790 1,312,750

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Formula Asset Turnover = Sales / Average total assets Atlantic Pacific Mediterranean Sales        11,74,927        47,25,900        22,59,264 Average total Assets           9,03,790        13,12,750           4,70,680 Asset Turnover 1.3 3.6 4.8

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