Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Use the below information to answer the following question.
Sales
Cost of goods sold
Depreciation
Income Statement
For the Year
Taxable income
Taxes
Earnings before interest $4,500
and taxes
Interest paid
Net income
Dividends $900
Balance Sheet
End-of-Year
Cash
Accounts receivable
Inventory
Total current assets
Net fixed assets
Total assets
Accounts payable
Long-term debt
Common stock ($1 par
value)
Retained earnings
O O O O
Total Liab. & Equity
33 percent
40 percent
50 percent
$28,400
60 percent
21,200
2,700
67 percent
850
$3,650
1,400
$2,250
$550
2,450
4,700
$7,700
What was the retention ratio?
16,900
$24,600
$ 2,700
9,800
8,000
4,100
$24,600
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Transcribed Image Text:Use the below information to answer the following question. Sales Cost of goods sold Depreciation Income Statement For the Year Taxable income Taxes Earnings before interest $4,500 and taxes Interest paid Net income Dividends $900 Balance Sheet End-of-Year Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets Accounts payable Long-term debt Common stock ($1 par value) Retained earnings O O O O Total Liab. & Equity 33 percent 40 percent 50 percent $28,400 60 percent 21,200 2,700 67 percent 850 $3,650 1,400 $2,250 $550 2,450 4,700 $7,700 What was the retention ratio? 16,900 $24,600 $ 2,700 9,800 8,000 4,100 $24,600
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