Retention ratio = (net income - dividends) / net income
retention ratio = (20,000 - 6000) / 20000 = 14,000/20,000 = 0.7 = 70%
Answer:
Hey there!
There aren't any options, but the correct answer would be 2 6/8, which simplifies to 2 3/4.
Let me know if this helps :)
Answer:
500 and 5,000
Step-by-step explanation:
The value of the first 5 is five hundred (500)
The value of the second is five thousand (5,000)