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) $21,171
Average property, plant, and equipment 17,792
Average intangible assets 970

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 1.03.

MBA 7-5

United Continental Holdings, Inc., (UAL), operates passenger service throughout the world.

The following data (in millions) were adapted from a recent financial statement of United.

Sales (revenue) ....................................................$37,736
Average property, plant, and equipment ..........24,763
Average intangible assets ......................................8,109