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Refer to the information for Net Devices Inc

Accounting

  1. Refer to the information for Net Devices Inc. What is the accounts receivable turnover ratio for Net Devices for 2011?
  2. One important difference between return on assets (ROA) and return on common shareholder's equity (ROCE) is
  3. Orca Industries
    Below are the two most recent balance sheets and most recent income statement for Orca Industries. The company has an effective tax rate of 35%.

    Balance Sheet

    2011
    2010
    Assets:
    Cash
    $10,000
    $ 6,000
    Accounts Receivable (net)
    6,000
    1,500
    Inventory
    8,000
    10,000
    Long-lived assets
    12,000
    11,000
    Less: Accumulated depreciation
    (4,000)
    (2,000)
    Total assets
    $32,000
    $26,500

    Liabilities and Stockholders' Equity:
    Accounts payable
    $ 5,000
    $ 6,000
    Deferred revenues
    1,000
    2,000
    Long-term note payable
    10,000
    10,000
    Less: Discount on note payable
    (800)
    (1,000)
    Common stock
    12,000
    6,000
    Retained earnings
    4,800
    3,500
    Total liabilities and stockholders' equity
    $32,000
    $26,500

    Income Statement
    For the year ended December 31, 2011
    Revenues
    $42,000
    Cost of goods sold
    (24,000)
    Depreciation expense
    (2,000)
    Interest expense
    (3,000)
    Bad debt expense
    (2,000)
    Other expense (including income taxes)
    (9,000)
    Net income
    $ 2,000


    Refer to the information for Orca Industries. Orca's inventory turnover is
    Select one:
  4. Refer to the information for Orca Industries. Orca's accounts receivable turnover is (assume that Orca makes all sales on account)
  5. Refer to the information for Orca Industries. Orca's asset turnover is
  6. Refer to the information for Orca Industries. The return on common shareholders' equity for Orca Industries is
  7. Refer to the information for Orca Industries. The return on assets for Orca Industries is
  8. Refer to the information for Orca Industries. The profit margin for computing ROA for Orca Industries is
  9. Ramos Company included the following information in its annual report:

    2011
    2010
    2009
    Sales
    $178,400
    $162,500
    $155,500
    Cost of goods sold
    115,000
    102,500
    100,000
    Operating expenses
    50,000
    50,000
    45,000
    Net income
    13,400
    10,000
    10,500


    Refer to the information for Ramos Company. In a common size income statement for 2009, the cost of goods sold are expressed as:
  10. Refer to the information for Ramos Company. In a percentage change income statement over the period of 2009 to 2011, what is the change in net income?

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