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The table below is financial statement of
Velapure Inc.
Velapure Inc. maintains a constant dividend
payout ratio. What is their retention ratio?
A. 29%
B. 59%
C. 49%
Next
D. 39%
FUQ.sh
sh the exam.
Income Statement
Sales
$8,500
COGS
$7,210
Depreciation
$400
EBIT
$890
Interest paid
$40
Taxable Income.
Taxes
Net Income
$850
$310
$540
Dividend
$330
Additional to retained earnings
$210
Balance Sheet
Cash
$1,700
Accounts payable
$2,175
Accounts receivable
$1,020
Long-term debt
$525
Inventory
$2,480
Common stock
$3,000
Total
$5,200
Retained earnings
$1,700
Net fixed assets
$2,200
Total Assets
$7,400
Total liabilities & equity
$7,400
