Question 1 Following table shows the revenue and cost items from the Income Statement of a firm for a financial year. Items from Income Statement Net sales $1,095,952 Cost of Goods Sold $537.179 Sales, General and Admin Expenses $109,276 Depreciation $55,470 Interest Expenses $116,996 Income Taxes $79,598 Following table shows the items from the Balance Sheet of the above firm at the year. : Items from Balance Sheet Current Liabilities $260,718 Long Term Liabilities $452, 026 Owner's equity $272,715 Determine the Basic Earning Power Ratio (in decimal). IMPORTANT: Write your answer up to two decimal places