Kizspy | Question: 35
(Choose 1 answer)
Hilton Corp. has revenues of $1,214,800, costs of goods sold of $816,355, and pays a tax rate of 32 percent.If the firm pays out 50 percent of its earnings as dividends every year, what is the amount of retained earnings?
A. $135,471.30
Β. $270,942.60
C. $413,032.00
D. $450,613.00
