Chambliss Corp

question 113

Multiple Choice

Chambliss Corp.'s total assets at the end of last year were $305,000 and its EBIT was 62,500.What was its basic earning power (BEP) ?

• A)18.49%
• B)19.47%
• C)20.49%
• D)21.52%

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Definitions:

Stockholders

Individuals or entities that own shares in a corporation, possessing ownership interests and rights to dividends.

Owned

The state of having legal rights to possess, use, and control a property or asset.

Reserve Army

Reserve army typically refers to a body of trained citizens held in readiness as a military force to be called upon in specific circumstances, but in Marxist theory, it also denotes the surplus labor available for capital exploitation.

Unemployed

Individuals who are without a job and actively seeking work.