The following information is provided for Nguyen Company and Northwest Corporation. $$\begin{array} { l c c }
{ \text { (in } \$ \text { millions) } } & \text { \underline{\text{ Nguyen Company }} } & \text { \underline{\text{ Northwest Corporation }} } \
\text { Net income 2014 } & \$ 275 & \$ 390 \
\text { Net sales } 2014 & 1,500 & 4,100 \
\text { Total assets } 12 / 31 / 12 & 1,000 & 2,400 \
\text { Total assets } 12 / 31 / 13 & 1,050 & 3,000 \
\text { Total assets } 12 / 31 / 14 & 1,150 & 4,000
\end{array}$$ What is Nguyen's asset turnover ratio for 2014?

Question

The following information is provided for Nguyen Company and Northwest Corporation. $$\begin{array} { l c c } 
  { \text { (in } \$ \text { millions) } } & \text { \underline{\text{ Nguyen Company }}  } & \text { \underline{\text{ Northwest Corporation }}  } \
  \text { Net income 2014 } & \$ 275 & \$ 390 \
\text { Net sales } 2014 & 1,500 & 4,100 \
\text { Total assets } 12 / 31 / 12 & 1,000 & 2,400 \
\text { Total assets } 12 / 31 / 13 & 1,050 & 3,000 \
\text { Total assets } 12 / 31 / 14 & 1,150 & 4,000
\end{array}$$ What is Nguyen's asset turnover ratio for 2014?

Quizplus · Accepted Answer

The Answer of The following information is provided for Nguyen Company and Northwest Corporation. $$\begin{array} { l c c } 
  { \text { (in } \$ \text { millions) } } & \text { \underline{\text{ Nguyen Company }}  } & \text { \underline{\text{ Northwest Corporation }}  } \
  \text { Net income 2014 } & \$ 275 & \$ 390 \
\text { Net sales } 2014 & 1,500 & 4,100 \
\text { Total assets } 12 / 31 / 12 & 1,000 & 2,400 \
\text { Total assets } 12 / 31 / 13 & 1,050 & 3,000 \
\text { Total assets } 12 / 31 / 14 & 1,150 & 4,000
\end{array}$$ What is Nguyen's asset turnover ratio for 2014?

The Following Information Is Provided for Nguyen Company and Northwest