The Following Information Is Provided for Nguyen Company and Northwest

question 211

Multiple Choice

The following information is provided for Nguyen Company and Northwest Corporation. $$\begin{array} { l c c } { \text { (in } \$ \text { millions) } } & \text { Nquyen Company } & \text { Northwest Corporation } \\\hline \text { Net income } 2022 & \$ 165 & \$ 420 \\\text { Net sales } 2022 & 1,650 & 4,900 \\\text { Total assets } 12 / 31 / 20 & 1,000 & 2,400 \\\text { Total assets } 12 / 31 / 21 & 1,050 & 3,000 \\\text { Total assets } 12 / 31 / 22 & 1,150 & 4,000\end{array}$$ What is Nguyen's asset turnover for 2022?

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Definitions:

Foraging Society

A type of society that relies on hunting, fishing, and gathering wild plants and animals for food rather than domesticating species.

Capitalist Society

An economic system where trade, industry, and the means of production are largely or entirely privately owned and operated for profit, characterized by competition and a free market.

Chalalán Ecolodge

An eco-tourism project located in the Madidi National Park in Bolivia, known for its community-based sustainable development and biodiversity conservation.