Multiple Choice
Calculate retention ratio given the following information: cash dividends paid = $4,200; sales = $80,000; cost of goods sold = $30,000; selling and administrative expenses = $8,000; interest
Expense = $2,000; tax rate = 30%.
A) 15%
B) 35%
C) 85%
D) 75%
E) 45%
Correct Answer:
Verified
Correct Answer:
Verified
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