Based on the information in Table 4-3, the operating return on total assets (OROA), also referred to as the firm's basic earnings power (BEP) is Table 43 Emery Corporation Income Statement Balance Sheet Assets: Cash Accounts receivable Inventory Net fixed assets Total assets $350,000 650,000 1,100,000 2.800.000 $4.900,000 Sales (all credit) Cost of goods sold Operating expense Interest expense Income taxes Net income $10.000.000 (6.500.000) (2,000,000 (180.000 (528.000) $792,000 Liabilities and owners' equity: Accounts payable Notes payable Long-term debt $220,000 550.000 1.730.000 Owners' Equity Total liabilities and owner's 2.400.000 equity $4.900,000 2011 15.00 0.02 16