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The Golden Slipper Has Sales of $487,900,EBIT of $128,650,taxes of 35

Question 8

Multiple Choice

The Golden Slipper has sales of $487,900,EBIT of $128,650,taxes of 35 percent,interest paid of $12,400,and a dividend payout ratio of 40 percent.What is the common-size ratio of the addition to retained earnings?


A) 10.31%
B) 9.29%
C) 14.43%
D) 11.74%
E) 6.87%

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