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 accounts receivable turnover ratio for Net Devices for 2007?
A) 24.65
B) 14.85
C) 14.81
D) 10.50

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 accounts receivable turnover ratio for Net Devices for 2007?
A) 24.65 
B) 14.85 
C) 14.81 
D) 10.50

Quizplus · Accepted Answer

The Answer is C