A firm has sales of $428,000 for the year. The profit margin is 3.4 percent and the retention ratio is 60 percent. What is the common-size percentage for the dividends paid?
A) 0.99 percent
B) 1.18 percent
C) 1.21 percent
D) 1.36 percent
E) 1.42 percent

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The Answer of A firm has sales of $428,000 for the year. The profit margin is 3.4 percent and the retention ratio is 60 percent. What is the common-size percentage for the dividends paid?
A) 0.99 percent
B) 1.18 percent
C) 1.21 percent
D) 1.36 percent
E) 1.42 percent

A Firm Has Sales of $428,000 for the Year