Solved

Calculate Retention Ratio Given the Following Information: Cash Dividends Paid

Question 104

Multiple Choice

Calculate retention ratio given the following information: cash dividends paid = $6,000; sales = $100,000; cost of goods sold = $45,000; selling and administrative expenses = $25,000; interest expense = $6,000; tax rate = 30%.


A) 64.29%
B) 68.23%
C) 50%
D) 31.77%
E) 35.71%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q99: Kurt's Bikes has net income of $86,000

Q100: Assuming the following ratios are constant, what

Q101: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7297/.jpg" alt=" What

Q102: Jasper Companies has a capital intensity ratio

Q103: Consider that you are a finance manager,

Q105: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7297/.jpg" alt="

Q106: The following balance sheet and income statement

Q107: If we assume for forecasting purposes that

Q108: Calculate the internal growth rate given the

Q109: A firm currently has sales of $550,000,