X-1 Corp's Total Assets at the End of Last Year

question 85

Multiple Choice

X-1 Corp's total assets at the end of last year were $405,000 and its EBIT was 52,500.What was its basic earning power (BEP) ratio?

• A)11.70%
• B)12.31%
• C)12.96%
• D)13.61%
• E)14.29%