Business
AccountingAccounting (Text Only)Ratio of sales to assets Three major segments of the transportation industry are motor carriers, such as YRC Worldwide ; railroads, such as Union Pacific; and transportation arrangement services, such as C.H. Robinson Worldwide Inc. Recent financial statement information for these three companies is shown as follows (in thousands of dollars): a. Determine the ratio of sales to assets for all three companies. Round to one decimal place. b. Assume that the ratio of sales to assets for each company represents their respective industry segment. Interpret the differences in the ratio of sales to assets in terms of the operating characteristics of each of the respective segments.Ratio of sales to assets Three major segments of the transportation industry are motor carriers, such as YRC Worldwide ; railroads, such as Union Pacific; and transportation arrangement services, such as C.H. Robinson Worldwide Inc. Recent financial statement information for these three companies is shown as follows (in thousands of dollars): a. Determine the ratio of sales to assets for all three companies. Round to one decimal place. b. Assume that the ratio of sales to assets for each company represents their respective industry segment. Interpret the differences in the ratio of sales to assets in terms of the operating characteristics of each of the respective segments.
BuyFindlaunch
Accounting (Text Only)
26th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781285743615
BuyFindlaunch
Accounting (Text Only)
26th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781285743615
Solutions
Chapter
Section
Chapter 17, Problem 17.16EX
Textbook Problem
Ratio of sales to assets
Three major segments of the transportation industry are motor carriers, such as YRC Worldwide; railroads, such as Union Pacific; and transportation arrangement services, such as C.H. Robinson Worldwide Inc. Recent financial statement information for these three companies is shown as follows (in thousands of dollars):
a. Determine the ratio of sales to assets for all three companies. Round to one decimal place.
b. Assume that the ratio of sales to assets for each company represents their respective industry segment. Interpret the differences in the ratio of sales to assets in terms of the operating characteristics of each of the respective segments.
check_circle
Expert Solution
Want to see the full answer?
Check out a sample textbook solution.Chapter 17 Solutions
Accounting (Text Only)
Ch. 17 - What is the difference between horizontal and...Ch. 17 - What is the advantage of using comparative...Ch. 17 - The current years amount of net income (after...Ch. 17 - How would the current and quick ratios of a...Ch. 17 - a. Why is it advantageous to have a high inventory...Ch. 17 - What do the following data, taken from a...Ch. 17 - a. How does the rate earned on total assets differ...Ch. 17 - Kroger, a grocery store, recently had a...Ch. 17 - The dividend yield of Suburban Propane was 7.7% in...Ch. 17 - Describe two reports provided by independent...
Ch. 17 - Horizontal analysis The comparative temporary...Ch. 17 - Horizontal analysis The comparative accounts...Ch. 17 - Vertical analysis Income statement information for...Ch. 17 - Vertical analysis Income statement information for...Ch. 17 - Current position analysis The following items are...Ch. 17 - Current position analysis The followingitems are...Ch. 17 - Accounts receivable analysis A company reports the...Ch. 17 - Accounts receivable analysis A company reports the...Ch. 17 - Inventory analysis A company reports the...Ch. 17 - Inventory analysis A company reports the...Ch. 17 - Long-term solvency analysis The following...Ch. 17 - Long -term solvency analysis The following...Ch. 17 - Times interest earned A company reports the...Ch. 17 - Times interest earned A company reports the...Ch. 17 - Asset turnover A company reports the following:...Ch. 17 - Asset turnover A company reports the following:...Ch. 17 - Return on total assets A company reports the...Ch. 17 - Return on total assets A company reports the...Ch. 17 - Common stockholders profitability analysis A...Ch. 17 - Common stockholders profitability analysis A...Ch. 17 - Earnings per share and price-earnings ratio A...Ch. 17 - Earnings per share and price-earnings ratio A...Ch. 17 - Vertical analysis of income statement Revenue and...Ch. 17 - Vertical analysis of income statement The...Ch. 17 - Common-sized income statement Revenue and expense...Ch. 17 - Vertical analysis of balance sheet Balance sheet...Ch. 17 - Horizontal analysis of the income statement Income...Ch. 17 - Current position analysis The following data were...Ch. 17 - Current position analysis PepsiCo, Inc., the...Ch. 17 - Current position analysis The bond indenture for...Ch. 17 - Accounts receivable analysis The following data...Ch. 17 - Accounts receivable analysis Xavier Scores Company...Ch. 17 - Inventory analysis The following data were...Ch. 17 - Inventory analysis Dell Inc. and Hewlett-Packard...Ch. 17 - Ratio of liabilities to stockholders equity and...Ch. 17 - Ratio of liabilities to stockholders equity and...Ch. 17 - Ratio of liabilities to stockholders equity and...Ch. 17 - Ratio of sales to assets Three major segments of...Ch. 17 - Profitability ratios The following selected data...Ch. 17 - Profitability ratios Ralph Lauren Corporation...Ch. 17 - Six measures of solvency or profitability The...Ch. 17 - Six measures of solvency or profitability The...Ch. 17 - Earnings per share, price-earnings ratio, dividend...Ch. 17 - Price-earnings ratio; dividend yield The table...Ch. 17 - Earnings per share, discontinued operations The...Ch. 17 - Appendix Extraordinary item Assume that the amount...Ch. 17 - Income statement and earnings per share for...Ch. 17 - Unusual items Explain whether Colston Company...Ch. 17 - Horizontal analysis of income statement For 2016,...Ch. 17 - Vertical analysis of income statement For 2016,...Ch. 17 - Effect of transactions on current position...Ch. 17 - Nineteen measures of solvency and profitability...Ch. 17 - Solvency and profitability trend analysis Addai...Ch. 17 - Horizontal analysis of income statement For 2016,...Ch. 17 - Vertical analysis of income statement For 2016,...Ch. 17 - Effect of transactions on current position...Ch. 17 - Nineteen measures of solvency and profitability...Ch. 17 - Solvency and profitability trend analysis Crosby...Ch. 17 - Nike, Inc., Problem Financial Statement Analysis...Ch. 17 - Analysis of financing corporate growth Assume that...Ch. 17 - Receivables and inventory turnover Rodgers...Ch. 17 - Vertical analysis The condensed income statements...Ch. 17 - Profitability and stockholder ratios Deere Co....Ch. 17 - Comprehensive profitability and solvency analysis...
Additional Business Textbook Solutions
Find more solutions based on key concepts
Entries for issuing par stock On January 22, Jefferson County Rocks Inc., a marble contractor, issued for cash ...
Financial And Managerial Accounting
What distinguishes a merchandising business from a service business?
Financial Accounting
A. Why is a high inventory turnover considered to be a positive indicator? B. Is it possible to have a high inv...
Corporate Financial Accounting
Activity-Based Supplier Costing Blackburn Inc. uses Otavalo Manufacturing and Piura Company to buy two precisio...
Managerial Accounting: The Cornerstone of Business Decision-Making
A business has an ending balance in Accounts Receivable of 35,000; credit sales for the year of 300,000; and a ...
College Accounting, Chapters 1-27
Under what circumstances might the activity-based costing method provide more accurate product costs than (lie ...
Financial & Managerial Accounting
__________ are prepared during the fiscal year for periods of less than 12 months. a. Work sheets b. Intermedia...
College Accounting (Book Only): A Career Approach
During the taking of its physical inventory on August 31, 2016, Kate Interiors Company incorrectly counted its ...
Financial Accounting
Distinguish between turnkey and backbone systems. Which is more flexible?
Accounting Information Systems
(Appendix 6. 1) What is the purpose of a petty cash system?
Intermediate Accounting: Reporting And Analysis
Forecast sales volume and sales budget For 2016, Raphael Frame Company prepared the .sales budget that follows....
Financial & Managerial Accounting
In Chapter 3, we looked at Whole Foods financial statements. In this chapter, we will use financial Internet we...
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
If the interest rate is 10 percent, then the present value of 100 to be paid in 2 years is a. 80. b. 83. c. 120...
Principles of Macroeconomics (MindTap Course List)
What are some specific tips that you would give a new maanager for building trudt with subordinates? With other...
Management, Loose-Leaf Version
Explain how and why firms implement positioning strategies and how product differentiation plays a role
MKTG 12:STUDENT ED.-TEXT
How does knowledge of the product life-cycle relate to the introduction of new products?
Foundations of Business (MindTap Course List)
Identify the eight functions of marketing physical goods.
Contemporary Marketing
Project X is very risky and has an NPV of 3 million. Project Y is very safe and has an NPV of 2.5 million. They...
Fundamentals of Financial Management (MindTap Course List)
An economic model is a. a mechanical machine that replicates the functioning of the economy. b. a fully detaile...
Principles of Microeconomics (MindTap Course List)
What are the guidelines for grouping logical activities for a logical DFD?
Accounting Information Systems
The following table describes the production possibilities of two cities in the country of Baseballia: a. Witho...
Essentials of Economics (MindTap Course List)
PREFERRED STOCK RATE OF RETURN What will be the nominal rate of return on a perpetual preferred stock with a 10...
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
(Shifting Demand) Using demand and supply curves, show the effect of each of the following on the market for ci...
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
How is the aggregate supply curve different from the supply curve for a single good, like pizza?
Economics:
Explain whether each of the following events will increase, decrease, or have no effect on long-run aggregate s...
Brief Principles of Macroeconomics (MindTap Course List)
Inter cultural Communication: Negotiating Diversity in Job Interviews. Todays workforce benefits from diversity...
Essentials of Business Communication (MindTap Course List)
The FinancialTimes/Harris Poll is a monthly online poll of adults from six countries in Europe and the United S...
Statistics for Business & Economics, Revised (MindTap Course List)
For each of the following pairs, which bond would you expect to pay a higher interest rate? Explain. a. a bond ...
Principles of Economics (MindTap Course List)
Refer to the data set in Table 1.7. a. What is the average price for the cordless telephones? b. What is the av...
STATISTICS F/BUSINESS+ECONOMICS-TEXT
How does the water—diamond paradox explain why there is such a poor correlation between the price of a good a...
Exploring Economics
Dimmitt and Stiglitz are to receive salary allowances of 40,000 and 50,000, respectively. The remaining income ...
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
What is the normal balance for each of the following accounts: (a) Purchases? (b) Sales Discounts? (c) Purchase...
College Accounting (Book Only): A Career Approach
Recently, the U.S. federal government and the American Institute of Certified Public Accountants (AICPA) have t...
Pkg Acc Infor Systems MS VISIO CD
Explain whether the following statement is true or false: 100 a year for 10 years is an annuity; but 5100 in Ye...
Fundamentals of Financial Management (MindTap Course List)
Jamal has a utility function U = W1/2, where W is his wealth in millions of dollars and U is the utility he obt...
Principles of Macroeconomics (MindTap Course List)
Break-even sales under present and proposed conditions Kearney Company, operating at full capacity, sold 400,00...
Survey of Accounting (Accounting I)
Appendix 2 Entries posted to wages expense account Portions of the wages expense account of a business follow: ...
Corporate Financial Accounting
What is the difference between engaged to wait and waiting to be engaged as far as working time?
PAYROLL ACCT.,2019 ED.(LL)-TEXT
What type of inflation is Milton Friedman referring to when he says that inflation is always and everywhere a m...
Macroeconomics
The law of demand is the principle that there is __________ relationship between the price of a good and the qu...
Economics For Today
What does it mean to say that the U.S. dollar has depreciated in value in relation to the Mexican peso? What do...
Economics (MindTap Course List)
Why did many total quality management efforts in North America not succeed as expected during the 1980s?
Purchasing and Supply Chain Management
Kathy Shorts, president of Oliver Company, was concerned with the trend in sales and profitability. The company...
Cornerstones of Cost Management (Cornerstones Series)
It is surprising (but true) that if 23 people are in the same room, there is about a 50% chance that at least t...
Practical Management Science
Consider two groups of domestic producers: those which compete with imports and those which export goods. Suppo...
Microeconomics
Lower of Cost or Market Garcia Company uses FIFO, and its inventory at the end of the year was recorded in the ...
Cornerstones of Financial Accounting
Lonsdale Inc. manufactures entry and dining room lighting fixtures. Five activities are used in manufacturing t...
Managerial Accounting
Which of the following is a shortcoming of GDP? a. GDP excludes changes in inventories. b. GDP includes an esti...
MACROECONOMICS FOR TODAY
Because price searchers can set their prices, does this mean that their prices are unaffected by market conditi...
Economics: Private and Public Choice (MindTap Course List)
What impact do natural resources have on economic growth? Will it be possible for a country with few natural re...
Macroeconomics: Private and Public Choice (MindTap Course List)
Why is competition in a market important? Is there a positive or negative effect on the economy when strong com...
Microeconomics: Private and Public Choice (MindTap Course List)
Think of two teams of which you were a member—the best and the worst in terms of personal satisfaction and team...
Understanding Management (MindTap Course List)
