BDJ, Inc. has 31,000 shares of stock outstanding with a market price of $15 per share. If net income for the year is $155,000 and the dividend per share is $2, what is the retention ratio for BDJ, Inc.?

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The Answer of BDJ, Inc. has 31,000 shares of stock outstanding with a market price of $15 per share. If net income for the year is $155,000 and the dividend per share is $2, what is the retention ratio for BDJ, Inc.?

BDJ, Inc Has 31,000 Shares of Stock Outstanding with a Market