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%. BALANCE SHEETS ASSETS ($ in thousands) Fiscal year end 2011 2010 2009 Cash $875,650 $571,250 $154,230 Marketable securities 6,560 0 0 Receivables 771,580 775,250 902,000 Inventories 1,320,150 Other current assets 249.000 231.200 1,254,600 1,418,500 229.900 Total current assets 3,222,940 2,832,300 2,704,630 Property, plant & equipment 1,118,750 1,100,300 1,122,400 Intangibles 263,050 241,000 215,600 Intangibles Deposits & other assets Total assets 263,050 241,000 215,600 184,500 168,250 168,900 $4,789,240 $4,341,850 $4,211,530 LIABILITIES ($ in thousands) Fiscal year end Accounts payable Current long term debt 2011 2010 2009 $1,178,540 $1,1,100 $1,138,250 18,100 316,500 150,900 Accrued expenses 664,100 615,900 585,400 Income taxes payable 138,900 108,400 38,200 Other current liabilities 0 0 0 Total current liabilities 1,999,640 2,101,900 1,912,750 Long term debt 478,250 378,400 599,630 Other long term liabilities 13.350 0 0 Total liabilities 2,491,240 2,480,300 2,512,380 Preferred stock 850,000 850,000 550,000 Common stock net 4,000 3,950 3,800 Common stock net 4,000 3,950 3,800 Additional Paid-in Capital 869,000 758,000 689,500 Retained eamings 1,430,500 1,055,000 1,245,050 Treasury stock Shareholders' equity (855,500) 2,298,000 1,861,550 1,699,150 (805,400) (789,200) Total Liab. & Equity INCOME STATEMENTS ($ in thousands) Fiscal year end Net sales Cost of Goods Sold Gross profit $4.789,240 $4.341.850 $4.211,530 2011 2010 $11,455,500 $11,082,100 (8,026,450) (7,940,065) 3,429,050 3,142,035 Selling, general & admin. Exp. Income before deprec. & amort. (1,836,400) (1,789,200) 1,592,650 1,352,835 Depreciation & amortization Interest expense (785,250) (757,250) (46,195) (43,340) Interest expense (46,195) (43,340) Income before tax 761,205 552,245 Provision for income taxes (157,725) (112,290) Minority interest Net income $603.480 $439.955 Outstanding shares (in thousands) 308,515 303,095 Preferred Dividends (in thousands) $85,000 $85,000 Refer to the information for Net Devices Inc. What is the rate of return on assets for Net Devices for 2011? Oa. 11.64% Ob. 14.50% Oc. 12.60% Od. 13.88%