X-1 Corp's Total Assets at the End of Last Year

Multiple Choice

X-1 Corp's total assets at the end of last year were $405,000 and its EBIT was 52,500.What was its basic earning power (BEP) ratio?

A) 11.70%
B) 12.31%
C) 12.96%
D) 13.61%
E) 14.29%