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:

Fetus

The developing human organism from 9 weeks after conception to birth.

Developing Organism

An organism in the stages of growth and development, including both pre-natal and post-natal development.

Conception

The initiation of pregnancy, marked by the fertilization of an egg by a sperm.

Violent As An Adult

Refers to engaging in or exhibiting aggressive and forceful behaviors during adulthood, often resulting from various psychological, social, or biological factors.