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

question 28

Multiple Choice

X-1 Corp's total assets at the end of last year were $490,000 and its EBIT was 52,500.What was its basic earning power (BEP) ratio?

• A) 13.07%
• B) 10.29%
• C) 11.57%
• D) 12.86%
• E) 10.71%