Question 7

Problem 7 You have until 3:59 PM to complete this assignment. Intro Use the following information to answer the questions: Assets Liabilities and Equity Cash 8,000 Accounts payable 18,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable 3,000 Current liabilities 24,000 Inventory 26,000 Long-term debt 95,000 Current assets 39,000 Total liabilities 119,000 Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings 14,000 Fixed assets 114,000 Equity 34,000 Total liab.& Total assets 153,000 equity 153,000 Line item Value Sales 70,000 - Operating expenses 57,400 - Depreciation 2,000 = EBIT 10,600 - Interest 800 = Taxable income 9.800 - Taxes = Net income 6.566 3.234 Attempt 1/3 for 10 pts. Part 1 What is the basic earning power ratio? 3+ decima Submit