Chambliss Corps total assets at the end of last year were

Question

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%

e. 22.59%

Answer

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