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%.
What is the inventory turnover for Net Devices for 2007?
Definitions:
Discounted Payback Period
The time required to recover an investment's costs, taking the time value of money into account by discounting future cash flows.
Operating Cash Flow
Cash generated from a company's normal business operations, indicating whether a company is able to generate sufficient positive cash flow to maintain and grow its operations.
Accounting Break-even
The point at which total costs and total revenues are equal, meaning the business is not making a profit or loss.
Fixed Costs
Expenses that do not change with the level of production or sales, such as rent, salaries, and loan payments.
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