A firm has sales of $811,000 for the year.The profit margin is 5.1 percent and the retention ratio is 56 percent.What is the common-size percentage for the dividends paid?
A)1.99 percent
B)2.86 percent
C)1.21 percent
D)2.24 percent
E)1.42 percent

Question

Quizplus · Accepted Answer

The Answer of A firm has sales of $811,000 for the year.The profit margin is 5.1 percent and the retention ratio is 56 percent.What is the common-size percentage for the dividends paid?
A)1.99 percent
B)2.86 percent
C)1.21 percent
D)2.24 percent
E)1.42 percent

A Firm Has Sales of $811,000 for the Year