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:

Supplier Stage

Refers to the position or phase a supplier occupies in the supply chain or within the procurement process.

Optimal Order Quantity

The most efficient amount of inventory to order, minimizing costs while meeting demand.

Base Price

The initial cost of a good or service before any discounts, additional fees, or taxes are applied.

Percentage Discount

A reduction from the original price of a product or service expressed as a percentage of the original price.