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
Refer to the information for Net Devices Inc.What is the inventory turnover for Net Devices for 2011?
A) 10.32
B) 8.90
C) 2.51
D) 6.23

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%.
BALANCE SHEETS
   Refer to the information for Net Devices Inc.What is the inventory turnover for Net Devices for 2011?
A) 10.32 
B) 8.90 
C) 2.51 
D) 6.23

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%.
BALANCE SHEETS
   Refer to the information for Net Devices Inc.What is the inventory turnover for Net Devices for 2011?
A) 10.32 
B) 8.90 
C) 2.51 
D) 6.23