The 2016 financial statements for BNSF Railway report the following information:

Year ended December 31,

2016 (in millions) 2015 (In millions)

Revenues $19,829 $21,967

Property and equipment, net 61,250 59,510

Total assets 84,122 81,703

The 2016 property, plant and equipment turnover is:

Property, plant and equipment turnover is 0.328 times

Explanation:

The Asset Turnover is calculated as: Net Revenue/Average total Assets

* Average total property, plant and equipment is:

Beginning Assets + Closing Assets/2

Average property, plant and equipment is: 59,510+61,250/2 = 60,380

*Revenue 2016 = 19,829

The turnover ratio 2016: 19,829/60,380 = 0.328 times