A Company Has a Retention Ratio of 40%, Net Income

question 17

Multiple Choice

A company has a retention ratio of 40%, net income of $17 million, and 10 million shares outstanding.What would be the dividend per share for this company?

• A)1.10
• B)1.02
• C).95
• D).82

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Definitions:

Computer Password

A secret series of characters that enables a user to access a file, computer, or program.

Defibrillator

A medical device used to deliver a dose of electric current (shock) to the heart in order to treat life-threatening cardiac dysrhythmias.

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Specific designated spaces within healthcare settings where clinical or therapeutic services are provided to patients.

Healthcare Provider

A trained professional or organization that offers services related to maintaining or improving health, including doctors, nurses, clinics, and hospitals.