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 $28,400 50 percent 21,200 2,700 60 percent 67 percent 850 $3,650 1,400 $2,250 $ 550 2,450 4,700 $7,700 16,900 $24,600 $ 2,700 What was the retention ratio? 9,800 8,000 4,100 $24,600
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 $28,400 50 percent 21,200 2,700 60 percent 67 percent 850 $3,650 1,400 $2,250 $ 550 2,450 4,700 $7,700 16,900 $24,600 $ 2,700 What was the retention ratio? 9,800 8,000 4,100 $24,600
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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