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Net Devices Inc $\text { INCOME STATEMENTS ( } \$ \text { in thousands) }$

question 37

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Net Devices Inc. The following balance sheets and income statements are for Net Devices Inc., a manufacturer of small electronic devices, including calculators, personal digital assistants and mp3 players. For purposes of these questions assume that the company has an effective tax rate of 35%.
$Net Devices Inc. The following balance sheets and income statements are for Net Devices Inc., a manufacturer of small electronic devices, including calculators, personal digital assistants and mp3 players. For purposes of these questions assume that the company has an effective tax rate of 35%. \text { INCOME STATEMENTS ( } \$ \text { in thousands) } \begin{array}{c} \begin{array}{lll} \text { Fiscal year end}\\ \text { Net sales}\\ \text { Cost of Goods Sold}\\ \text { Gross profit}\\ \\ \text { Selling, general \& admin. Exp.}\\ \text { Income before deprec. \& amort.}\\ \\ \text { Depreciation \& amortization}\\ \text { Interest expense}\\ \\ \text { Income before tax}\\ \text { Provision for income taxes}\\ \text { Minority interest}\\ \\ \text { Net income}\\ \\ \text { Outstanding shares (in thousands) }\\ \text { Preferred Dividends (in thousands) } \end{array} \begin{array}{l} 2011 \\ \$ 11,455,500 \\ \underline{(8.026 .450) }\\ {3,429,050} \\ \\ \underline{(1.836 .400) }\\ {1,592,650} \\ \\ (785,250) \\ \underline{(46.195) } \\ \\ 761,205 \\ (157,725) \\ \underline{\quad\quad-}\\ \\ \underline{\$603.480} \\ \\ 308,515 \\ \$ 85000 \\ \end{array} \begin{array}{l} 2010 \\ \$ 11,082,100 \\ \underline{(7.940 .065) }\\ {3,142,035} \\ \\ \underline{(1,789,200) }\\ {1,352,835} \\ \\ (757,250) \\ \underline{(43,340) }\\ \\ 552,245 \\ (112,290) \\ \underline{\quad\quad-}\\ \\ \underline{ \$ 439.955} \\ \\ 303,095 \\ \$ 85,000 \end{array} \end{array} - Refer to the information for Net Devices Inc. What is the accounts receivable turnover ratio for Net Devices for 2011? A) 24.65 B) 14.85 C) 14.81 D) 10.50$
$\text { INCOME STATEMENTS ( } \$ \text { in thousands) }$

$\begin{array}{c}\begin{array}{lll} \text { Fiscal year end}\\ \text { Net sales}\\ \text { Cost of Goods Sold}\\ \text { Gross profit}\\\\ \text { Selling, general \& admin. Exp.}\\ \text { Income before deprec. \& amort.}\\\\ \text { Depreciation \& amortization}\\ \text { Interest expense}\\\\ \text { Income before tax}\\ \text { Provision for income taxes}\\ \text { Minority interest}\\\\ \text { Net income}\\\\ \text { Outstanding shares (in thousands) }\\ \text { Preferred Dividends (in thousands) }\end{array}\begin{array}{l}2011 \\\$ 11,455,500 \\\underline{(8.026 .450) }\\{3,429,050} \\\\\underline{(1.836 .400) }\\{1,592,650} \\\\(785,250) \\\underline{(46.195) } \\\\761,205 \\(157,725) \\\underline{\quad\quad-}\\\\\underline{\$603.480} \\\\308,515 \\\$ 85000 \\ \end{array}\begin{array}{l}2010 \\\$ 11,082,100 \\\underline{(7.940 .065) }\\{3,142,035} \\\\\underline{(1,789,200) }\\{1,352,835} \\\\(757,250) \\\underline{(43,340) }\\\\552,245 \\(112,290) \\\underline{\quad\quad-}\\\\\underline{ \$ 439.955} \\\\ 303,095 \\\$ 85,000 \end{array}\end{array}$
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Refer to the information for Net Devices Inc. What is the accounts receivable turnover ratio for Net Devices for 2011?

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Amygdala

A section of the brain's limbic system that is critical for emotion processing, memory, and decision-making.

Substantia Nigra

A darker-colored region in the midbrain associated with motor control and reward, and its degeneration is a hallmark of Parkinson's disease.

Caudate Putamen

A brain structure in the basal ganglia that plays significant roles in movement control, learning, and habit formation.

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A neurological disorder characterized by the inability to perform purposeful movements or to use objects properly, not due to muscular weakness or loss of sensation.

Net Devices Inc INCOME STATEMENTS ( $ in thousands) \text { INCOME STATEMENTS ( } \$ \text { in thousands) } INCOME STATEMENTS ( $ in thousands)

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Net Devices Inc $\text { INCOME STATEMENTS ( } \$ \text { in thousands) }$