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Calculate Retention Ratio Given the Following Information: EBIT $150,000; Interest

Question 280

Multiple Choice

Calculate retention ratio given the following information: EBIT $150,000; interest expense $16,000; tax rate 30%; dividends paid $40,000.

A) 35.55%
B) 36.43%
C) 57.36%
D) 65.45%
E) 68.23%

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