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

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;