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 follows (in thousands): YRC Union Pacific C.H. Robinson Sales $5,092,000 $22,832,000 $16,631,172 Average total assets 1,601,300 58,476,500 4,331,623 a. Determine the asset turnover for all three companies. Round your answers to one decimal place. YRC fill in the blank 1 Union Pacific fill in the blank 2 C.H. Robinson fill in the blank 3 b. The ratio of sales to assets measures the number of sales dollars earned for each dollar of assets. The greater the number of sales dollars earned for every dollar of assets, the

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 follows (in thousands): YRC Union Pacific C.H. Robinson Sales $5,092,000 $22,832,000 $16,631,172 Average total assets 1,601,300 58,476,500 4,331,623 a. Determine the asset turnover for all three companies. Round your answers to one decimal place. YRC fill in the blank 1 Union Pacific fill in the blank 2 C.H. Robinson fill in the blank 3 b. The ratio of sales to assets measures the number of sales dollars earned for each dollar of assets. The greater the number of sales dollars earned for every dollar of assets, the

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter7: Variable Costing For Management analysis

Section: Chapter Questions

Problem 1MAD

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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 $3,736,923 $4,993,352 $1,909,372 Average total assets 795,090 1,314,040 561,580 a. Determine the asset turnover for all three companies. Round to one decimal place. Atlantic fill in the blank 1 Pacific fill in the blank 2 Mediterranean fill in the blank 3 b. The ratio of sales to assets measures the number of sales dollars earned for each dollar of assets. The greater the number of sales dollars earned for every dollar of assets, the efficient a firm is in using assets.
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 follows (in thousands): YRC Union Pacific C.H. RobinsonSales $4,832,400 $21,813,000 $13,476,084Average total assets 1,939,800 53,486,000 3,199,348a. Determine the asset turnover for all three companies. Round to one decimal place. b. Assume that the asset turnover for each company represents its respective industry segment. Interpret the differences in the asset turnover in terms of the operating characteristics of each of the respective segments.
Three major transportation segments and a major company within each segment are as follows: Segment Company Motor carriers YRC Worldwide Inc. (YRCW) Railroads Union Pacific Corporation (UNP) Transportation Arrangement C.H. Robinson Worldwide Inc. (CHRW) YRC Worldwide Union Pacific C.H. RobinsonWorldwide Sales $4,832 $21,813 $13,470 Average long-term operating assets 1,016 47,569 1,092 a. Determine the asset turnover for all three companies. Round to two decimal places. YRC Worldwide ???? Union Pacific ???? C.H. Robinson Worldwide ????
Three major segments of the transportation industry are motor carriers such as Atlantic Worldwide, railroads such as Pacific, and transportation logistics services such as Mediterranean. Recent financial statement information for these three companies follows (in thousands): Atlantic Pacific Mediterranean Sales $2,327,940 $899,990 $2,245,320 Average total assets 862,200 1,285,700 534,600 a. Determine the asset turnover for all three companies. Round your answers to two decimal places. Atlantic Pacific Mediterranean b. The ratio of sales to assets measures the number of sales dollars earned for each dollar of assets. The greater the number of sales dollars earned for every dollar of assets, the - efficient a firm is in using assets.
Three major segments of the transportation industry are motor carriers such as Atlantic Worldwide, railroads such as Pacific, and transportation logistics services such as Mediterranean. Recent financial statement information for these three companies follows (in thousands): Atlantic Pacific Mediterranean Sales $1,602,930 $892,080 $2,142,260 Average total assets 763,300 1,274,400 498,200 a. Determine the asset turnover for all three companies. Round your answers to two decimal places. Atlantic fill in the blank 1 Pacific fill in the blank 2 Mediterranean fill in the blank 3
Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales Net operating income Average operating assets The division's margin is closest to: Multiple Choice O O 3.5% 19.7% 16.2% 15.0% $ 18,210,000 $ 637,350 $ 4,250,000
FedEx Corporation and United Parcel Service, Inc. compete in the package delivery business. The major fixed assets for each business include aircraft, sorting and handling facili- ties, delivery vehicles, and information technology. The sales and average book value of fixed assets reported on recent financial statements for each company were as follows: FedEx UPS Sales (in millions) $47,453 $58,363 Average book value of fixed assets (in millions) 20,213 18,317 a. Compute the fixed asset turnover ratio for each company. Round to one decimal place. b. Which company appears more efficient in using fixed assets? Interpret the meaning of the ratio for the more efficient company. C.
mcqs: 1) Neelon Corporation has two divisions: Southern Division and Northern Division. The following data are for the most recent operating period: Total Company Southern Division Northern Division Sales $ 418,000 $ 193,000 $ 225,000 Variable expenses $ 130,880 $ 79,130 $ 51,750 Traceable fixed expenses $ 186,000 $ 77,000 $ 109,000 Common fixed expense $ 79,420 $ 36,670 $ 42,750 The common fixed expenses have been allocated to the divisions on the basis of sales. The company's overall break-even sales is closest to: A $114,341 B $328,299 C $272,067 D $386,408 2) Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total Sales $ 395,000 Variable expenses 197,500 Contribution margin 197,500 Fixed expenses 119,000 Net operating income $ 78,500 What is total contribution margin if sales volume increases by 20%? A $94,200 B $237,000 C $62,800…
RUSTIC RURAL Co. has the following information on its operating segments. External Inter-segment Total Segments revenues 4,800,000 revenues 2,400,000 revenues 7,200,000 Profit 2,800,000 Assets 48,000,000 A 1,600,000 400,000 2,000,000 1,600,000 28,000,000 1,000,000 1,000,000 400,000 4,000,000 800,000 800,000 320,000 3,200,000 600,000 600,000 280,000 2,800,000 E 400,000 400,000 200,000 2,000,000 F 9,200,000 2,800,000 12,000,000 5,600,000 88,000,000 Totals 21. RUSTIC Co. shall provide disclosure for major customers if revenues from transactions with single external customer amount to how much? a. 920,000 b. 280,000 c. 1,200,000 d. 560,000
Sunland Corporation is a diversified company that operates in five different industries: A, B, C, D, and E. The following information relating to each segment is available for 2021. A B C D E Sales revenue $39,900 $75,300 $573,800 $35,400 $55,100 Cost of goods sold 19,000 49,500 265,900 19,300 30,200 Operating expenses 10,100 40,500 233,700 11,900 18,300 Total expenses 29,100 90,000 499,600 31,200 48,500 Operating profit (loss) $10,800 $(14,700) $74,200 $4,200 $6,600 Identifiable assets $35,200 $79,900 $493,400 $66,300 $49,900 Sales of segments B and C included intersegment sales of $20,300 and $98,400, respectively. (a) Determine which of the segments are reportable based on the: Reportable Segment (1) Revenue test. (2) Operating profit (loss) test.…
Ecru Company has identified five industry segments: plastics, metals, lumber, paper, and finance. It appropriately consolidated each of these segments in producing its annual financial statements. Information describing each segment (in thousands) follows: Plastics Metals Lumber Paper Finance Sales to outside parties $ 6,325 $ 2,144 $ 636 $ 347 $ 0 Intersegment transfers 108 131 96 108 0 Interest income from outside parties 0 19 6 0 27 Interest income from intersegment loans 0 0 0 0 159 Operating expenses 3,914 1,612 916 579 16 Interest expense 61 16 51 31 87 Tangible assets 1,291 2,986 314 561 104 Intangible assets 72 361 0 48 0 Intersegment loans (debt) 0 0 0 0 664 Ecru does not allocate its $1,250,000 in…
Waterway Company is involved in four separate industries. The following information is available for each of the four industries Operating Segment w X Total Revenue $56,202 9,680 24,225 6,793 $96,900 Operating Profit (Loss) $16,000 2,480 (3,130) 1,150 $16,500 Identifiable Assets $172,434 86,217 20,811 17,838 $297,300 Y Z Determine which of the operating segments are reportable based on the: Reportable Segments (a) Revenue test. (b) Operating profit (loss) test. (c) Identifiable assets test.