Intro Use the following information to answer the questions: Assets Liabilities and Equity 13,000 Accounts payable 19,000 2,000 Notes payable 6,000 Cash Marketable securities Accounts receivable Inventory Current assets Machines Real estate 7,000 Current liabilities 26,000 Long-term debt 48,000 Total liabilities 34,000 Paid-in capital 80,000 Retained earnings 114,000 Equity Total liab. & 162,000 equity 25,000 95,000 120,000 20,000 22,000 42,000 Fixed assets Total assets 162,000 Line item Value Sales 69,000 Operating expenses 56,580 Depreciation 2,000 = EBIT 10,420 - Interest 800 = Taxable income 9,620 - Taxes 3,175 = Net income 6,445 Attempt 1/3 for 8 pts. Part 1 What is the basic earning power ratio? 3+ decima Submit