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Smith Enterprises Reports Earnings Per Share for 2004 of $3

Question 38

Multiple Choice

Smith Enterprises reports earnings per share for 2004 of $3.75 and dividends per share for the same year of $1.65.What percentage of earnings will be kept in the company as retained earnings?


A) 44%
B) 56%
C) 32%
D) 68%

Correct Answer:

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