Multiple Choice
Calculate retention ratio given the following information: cash dividends paid = $19,950; sales = $250,000; cost of goods sold = $100,000; selling and administrative expenses = $50,000; interest
Expense = $5,000; tax rate= 30%.
A) 70%
B) 30%
C) 50%
D) 35%
E) 65%
Correct Answer:
Verified
Correct Answer:
Verified
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