Intro Use the following information to answer the questions: Assets Liabilities and Equity Cash 14,000 Accounts payable 18,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable 7,000 Current liabilities 24,000 Inventory 36,000 Long-term debt 95,000 Current assets 59,000 Total liabilities 119,000 Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings 34,000 Fixed assets 114,000 Equity 54,000 Total assets 173,000 Total liab. & equity 173,000 Line item Value Sales 76,000 - Operating expenses 62,320 - Depreciation 2,000 = EBIT 11,680 - Interest 800 = Taxable income 10,880 - Taxes 3,590 = Net income 7,290 Attempt 1/3 for 10 pts. Part 1 What is the basic earning power ratio? 4+ decimals Submit