The Following Information Is Provided for Nguyen Company and Northwest

question 192

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 Northwest's asset turnover for 2022?

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Definitions:

Property Dividend

A dividend paid to shareholders in the form of assets other than cash, typically securities or physical assets owned by the company.

Bonds

Fixed-income investments representing a loan made by an investor to a borrower, often corporate or governmental.

Stock Dividend

A dividend paid to shareholders in the form of additional shares of the company's stock, rather than in cash.

Market Price

The current price at which an asset or service can be bought or sold in the open market.