Manly Manufacturers Pty Ltd has a profit margin of 7.5 per cent and a dividend payout ratio of 30 per cent.What is the retention ratio?
A) 10.66 per cent
B) 27.33 per cent
C) 54.60 per cent
D) 70.00 per cent
E) 78.20 per cent
Correct Answer:
Verified
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