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Compute the asset turnover

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Problem - Southwest Airlines (LUV) operates passenger services throughout the United States. The following data (in millions) were adapted from a recent financial statement of Southwest.

Sales (revenue) $18,605

Average property, plant, and equipment 13,841

Average intangible assets 970

Required -

1. Compute the asset turnover. Round to two decimal places.

2. Compare the results from part (1) with the asset turnover calculated for United in MBA 7-5 and Delta's asset turnover of 1.11.

Reference no: EM132709549

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