The Following Information Is Provided for Nguyen Company and Northwest

question 169

Multiple Choice

The following information is provided for Nguyen Company and Northwest Corporation. $\begin{array}{lll}\text { (in } \$ \text { millions) }&\text { Nguven Company }&\text { Northwest Corporation }\\\text { Net income } 2017 & \$ 165 & \$ 420 \\\text { Net sales } 2017 & 1,650 & 4,900 \\\text { Total assets } 12 / 31 / 15 & 1,000 & 2,400 \\\text { Total assets } 12 / 31 / 16 & 1,050 & 3,000 \\\text { Total assets } 12 / 31 / 17 & 1,150 & 4,000\end{array}$ If Nguyen and Northwest are in the same industry and the industry average for asset turnover is equal to 1.20 times, which of the following statements is true?

• A)Nguyen is operating more efficiently than the industry.
• B)Northwest is operating more efficiently than Nguyen.
• C)Both Nguyen and Northwest are operating more efficiently than the average company in their industry.
• D)The asset turnover does not address the question of efficient operations.

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Definitions:

Memory Trace

A theoretical construct denoting the physical and/or biochemical change in the brain in response to learning or forming new memories.

Implicit Memory

A type of memory that enables people to perform tasks without conscious awareness of the previous experiences influencing those tasks.

Serial Position Effect

A cognitive phenomenon where items at the beginning and end of a list are more easily recalled than items in the middle.

LTP

Long-Term Potentiation refers to the durable increase in signal transmission strength between two neurons, achieved through their simultaneous stimulation.