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 (S in thousands) Fiscal year end Cash Marketable securities Receivables Inventories Other current assets Total current assets 2011 S 875,650 6,560 771,580 1,320,150 249,000 3,222,940 2010 2009 $ 571,250 $ 154,230 0. 775,250 1,254,600 231,200 2,832,300 902,000 1,418,500 229,900 2,704,630 Property, plant & equipment 1,118,750 1,100,300 1,122,400 Intangibles Deposits & other assets Total assets 263,050 184,500 $4.789.240 241,000 168,250 $4.341.850 215,600 168,900 $4.211.530 LIABILITIES (S in thousands) Fiscal year end Accounts payable Current long tem debt Accrued expenses Income taxes payable Other current liabilities Total current liabilities 2011 2010 2009 S1,178,540 18,100 664,100 138,900 $1,061,100 316,500 615,900 108,400 $1,138,250 150,900 585,400 38,200 1,999,640 2,101,900 1,912,750 Long term debt Other long term liabilities Total liabilities 478,250 13,350 2,491,240 378,400 599,630 2,480,300 2,512,380 Preferred stock Common stock net Additional Paid-in Capital Retained earnings Treasury stock Shareholders' equity 850,000 4,000 869,000 1,430,500 (855,500) 2.298,000 850,000 3,950 758,000 1,055,000 (805,400) 1,861,550 550,000 3,800 689,500 1,245,050 (789,200) 1.699,150 Total Liab, & Equity $4.789.240 $4.341.850 $4.211.530 INCOME STATEMENTS (S in thousands) Fiscal year end Net sales 2011 2010 S11,455,500 $11,082,100 Cost of Goods Sold Gross profit (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 Depreciation & amortization Interest expense (785,250) (46,195) (757250) (43,340) Income before tax Provision for income taxes Minority interest 761,205 (157,725) 552,245 (112,290) Net income 603.480 S 439.955 Outstanding shares (in thousands) Preferred Dividends (in thousands) 308,515 $85,000 303,095 $85,000 1. Refer to the information for Net Devices Inc. What is the rate of return on assets for Net Devices for 2011? 2. Refer to the information for Net Devices Inc. What is the profit margin for ROA for Net Devices for 2010? 3. Refer to the information for Net Devices Inc. What is the accounts receirvable turmover ratio for Net Devices for 2011? 4. Refer to the information for Net Devices Inc. What is the inventory tumover for Net Devices for 2011? 5. Refer to the information for Net Devices Inc. What is Net Devices' return on common shareholders equity for 2011? 6. Refer to the information for Net Devices Inc. What is Net Devices' capital structure leverage ratio for 2011? 7. Refer to the information for Net Devices Inc. What is Net Devices' earmings per share for 2011?