Calculate Retention Ratio Given the Following Information: Cash Dividends Paid

question 305

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%

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Definitions:

Mosses

Small, non-vascular plants that typically form dense green clumps or mats, often in damp or shady locations.

Lichens

Symbiotic associations between a fungus and a photosynthetic partner, usually an algae or cyanobacteria, which live together as a single, unique organism.

Sedges

A family of grass-like plants, often found in wet grounds, distinguished by their edges (edges, sedges) and triangular stems.

Ocean Zones

The division of the ocean into different layers or regions, typically based on depth, light penetration, distance from the shoreline, and ecological characteristics.