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 rate of return on assets for Net Devices for 2007?
A) 11.64%
B) 14.50%
C) 12.60%
D) 13.88%

Question

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 rate of return on assets for Net Devices for 2007?
A) 11.64% 
B) 14.50% 
C) 12.60% 
D) 13.88%

Quizplus · Accepted Answer

The Answer of 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 rate of return on assets for Net Devices for 2007?
A) 11.64% 
B) 14.50% 
C) 12.60% 
D) 13.88%