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%

Convert annual interest rates to monthly rates.

Calculate simple interest on a monthly basis.

Compute net balances, finance charges, and new balances under various credit terms.

Complete loan amortization schedules and solve effective rate problems.

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