A Firm Had Net Income of $1,000,000 During the Year

question 24

Multiple Choice

A firm had net income of $1,000,000 during the year. If the firm paid a $2.50 per share dividendand there are 300,000 shares outstanding, what is the firm's retention ratio?

• A) 25%
• B) 50%
• C) 75%
• D) cannot be determined with the information provided

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Definitions:

Sibling Intimacy

The closeness, trust, and emotional connection that exists between siblings, which can influence social development and psychological well-being.

Opposite Sexes

Refers to the two main categories of sex, male and female, based on biological differences.

Age Difference

The gap or difference in years between the ages of two or more individuals.

Gay and Lesbian Households

Family units comprised of individuals of the same gender in a romantic relationship, often with children.