Multiple Choice
Last year, Teresa's Fashions earned $2.03 per share and had 15,000 shares of stock outstanding.The firm paid a total of $16,672 in dividends.What is the retention ratio?
A) 45.25 percent
B) 64.07 percent
C) 52.00 percent
D) 40.21 percent
E) 54.75 percent
Correct Answer:
Verified
Correct Answer:
Verified
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