A firms financial statements show cash of 2100 annual sales, Ask an Expert

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A firm's financial statements show cash of $2100, annual sales of $48500, accounts receivable of $3986, inventory of $4091, accounts payable of $1800, bonds due in five years of $13000, fixed assets of $13841, and the firm's earnings before interest and taxes is $8728. What is the firm's basic earning power? ______% (Give your answer in percentage terms with one decimal place accuracy.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92367164

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