Calculate retention ratio given the following information: cash dividends paid = $4,200; sales = $80,000; cost of goods sold = $30,000; selling and administrative expenses = $8,000; interest
Expense = $2,000; tax rate = 30%.

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The Answer of Calculate retention ratio given the following information: cash dividends paid = $4,200; sales = $80,000; cost of goods sold = $30,000; selling and administrative expenses = $8,000; interest
Expense = $2,000; tax rate = 30%.

Calculate Retention Ratio Given the Following Information: Cash Dividends Paid