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:

Emancipation Proclamation

An executive order issued by President Abraham Lincoln in 1863 that declared the freedom of slaves in the Confederate states.

Black Soldier

An African American military service member, particularly noted for their roles in various American conflicts where they served despite facing segregation and discrimination.

Black Servicemen

Refers to African American soldiers and military personnel who have served in the U.S. armed forces throughout the nation's history.

Reconstruction

A period of American history following the Civil War, focusing on integrating the Southern states back into the Union and addressing the rights of former slaves.