The Following Information Is Provided For Nguyen Company And Northwest Corporation.

(Correct Answer Below)

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The Following Information Is Provided For Nguyen Company And Northwest Corporation.

(in $ millions) Nguyen Company/Northwest Corporation Net income 2014 $275 /$390 Net sales 2014 1,500/4,100 Total assets 12/31/12 1,000/ 2,400 Total assets 12/31/13 1,050/ 3,000 Total assets 12/31/14 1,150/ 4,000 What is Nguyen's asset turnover ratio for 2014?
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1.36 times $1,500 Ö [($1,050 + $1,150) Ö 2]

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