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:
Verified
Correct Answer:
Verified
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