Converting the fraction 1/30 into a decimal is very easy.
To get 1/30 converted to decimal, you simply divide 1 by 30.
1/30 as a decimal is:
<span>0.033333333</span>
Retention ratio = (net income - dividends) / net income
retention ratio = (20,000 - 6000) / 20000 = 14,000/20,000 = 0.7 = 70%
Answer:
x= 1325 ft (nearest foot)
Step-by-step explanation:
Please see the attached pictures for the full solution.
16.25 or .1625 is the awsner