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The following information is provided for Swifty Company and Northwest Corporation (in 5 millions Swifty Comany Northwest Corporation Net income 2022 $190 $400 Net sales

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The following information is provided for Swifty Company and Northwest Corporation (in 5 millions Swifty Comany Northwest Corporation Net income 2022 $190 $400 Net sales 2022 1800 5200 Total assets 12/31/20 1000 2400 Total assets 12/31/21 1190 3150 Total assets 12/31/22 1290 4400 of Swifty 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? The following information is provided for Swifty Company and Northwest Corporation (in 5 millions Swifty Comany Northwest Corporation Net income 2022 $190 $400 Net sales 2022 1800 5200 Total assets 12/31/20 1000 2400 Total assets 12/31/21 1190 3150 Total assets 12/31/22 1290 4400 of Swifty 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

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