Roy's Markets has net income of $392,000. The firm has 200,000 shares of common stock outstanding. The dividend for this year is $.95 per share. What is the retention ratio?
A).220
B).256
C).314
D).515
E).780

Question

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The Answer of Roy's Markets has net income of $392,000. The firm has 200,000 shares of common stock outstanding. The dividend for this year is $.95 per share. What is the retention ratio?
A).220
B).256
C).314
D).515
E).780

Roy's Markets Has Net Income of $392,000