Q Search this coun Check My Work 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 (5 in thousands) Fiscal year end Cash Marketable securities Receivables Inventories 2011 $875.650 6,560 7771.580 1.9 20.150 2010 5571.250 0 275 250 1.254,600 2009 $154,230 0 902.000 5418.500 771,SOU 775,250 YUZUVO 1.320.150 RECEIVdvies Inventories Other current assets Total current assets 1.418.500 249.000 3.222.940 1.254,600 231.200 2.832.300 229.900 2,704,630 Property, plant & equipment 1.118.750 1.100.300 1.122.400 263,050 Intangibles Deposits & other assets Total assets 184,500 241,000 168.250 $4.341.850 215,600 168.900 $4.211.530 $4,789.240 LIABILITIES (S in thousands) Fiscal year end Accounts payable Current long term debt Accrued expenses Income taxes payable Other current liabilities 2011 $1.178.540 13/100 864.100 38.900 2010 $1.061.100 316.500 615.900 108.400 2009 $1.138.250 150.900 585,400 38.200 0 Te Text 5 od Other current liabilities Total current liabilities 0 0 2.101,900 0 1,912.750 1.999,640 478,250 378,400 Long term debt Other long term liabilities Total liabilities 0 13,350 2,491.240 599,630 0 2,512,380 2,480,300 850,000 850,000 3,950 758,000 550,000 3,800 689,500 Preferred stock Common stock net Additional Paid-in Capital Retained earnings Treasury stock Shareholders' equity 4,000 869,000 1,430,500 (855,500) 2.298.000 1,055,000 1.245,050 (805,400) 1.861.550 (789.200 1.699.150 Total Liab. & Equity $4.789.240 $4,341.850 $4,211.530 INCOME STATEMENTS ($ in thousands) 2011 2010 $11,082,100 Fiscal year end Net sales Cost of Goods Sold Gross profit $11,455,500 (8,026,450) 3,429,050 (7.940,065) 3,142,035 Selling, general & admin. Exp. Income before deprec. & amort. (1.836.400) 1,592,650 (1.789.200) 1.352.835 (785,250) (46.195) (757.250) (43.340) Depreciation & amortization Interest expense Income before tax Provision for income taxes Minority interest 761.205 (157.725) 552.245 (112.290) $603.480 $439.955 Net income Outstanding shares (in thousands) Preferred Dividends in thousands) 308,515 $85.000 303 095 $85.000 Refer to the information for Net Devices Inc. What is the rate of return on assets for Net Devices for 20112 Refer to the information for Net Devices Inc. What is the rate of return on assets for Net Devices for 2011? a. 12.60% 3 6.11.6496 c.14.5096 d. 13.8846 Teedback Incorrect Check