Net Devices Inc INCOME STATEMENTS ( $ in thousands)
Question 20
Question 20
Multiple Choice
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%. INCOME STATEMENTS ( $ in thousands)
Fiscal year end Net sales Cost of Goods Sold Gross profit Selling, general & admin. Exp. Income before deprec. & amort. Depreciation & amortization Interest expense Income before tax Provision for income taxes Minority interest Net income Outstanding shares (in thousands) Preferred Dividends (in thousands) 2011$11,455,500(8.026.450) 3,429,050(1.836.400) 1,592,650(785,250) (46.195) 761,205(157,725) −$603.480308,515$850002010$11,082,100(7.940.065) 3,142,035(1,789,200) 1,352,835(757,250) (43,340) 552,245(112,290) −$439.955303,095$85,000 - Refer to the information for Net Devices Inc. What is the profit margin for ROA for Net Devices for 2010?
A) 7.26% B) 4.22% C) 5.00% D) 3.97%
Correct Answer:
Verified
Unlock this answer now Get Access to more Verified Answers free of charge