Calculate Retention Ratio Given the Following Information: Cash Dividends Paid

question 137

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%

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Definitions:

W.B. Du Bois

An influential African American sociologist, historian, and civil rights activist, co-founder of the NAACP, best known for his exploration of racial identity and critiques of segregation.

Integration

The process of bringing together and incorporating individuals or groups into a larger entity or system, often used in the context of racial or social integration.

Economic Security

Having a steady flow of income or assets that ensures one's lifestyle can be sustained at present and in the near future.