1. Refer to the information for Net Devices Inc. What is the accounts receivable turnover ratio for Net Devices for 2011?

14.81

2. One important difference between return on assets (ROA) and return on common shareholder's equity (ROCE) is

ROA does not differentiate based on how a company finances its assets; ROCE does.

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:

2.67

4. Refer to the information for Orca Industries. Orca's accounts receivable turnover is (assume that Orca makes all sales on account)

11.2

5. Refer to the information for Orca Industries. Orca's asset turnover is

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

15.2%

7. Refer to the information for Orca Industries. The return on assets for Orca Industries is

13.5%

8. Refer to the information for Orca Industries. The profit margin for computing ROA for Orca Industries is

9.4%

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:

64.3%

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?

27.6%