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#1 ing ($2.000 versus $2,002). Albert Gonzales is no better off. PROBLEMS a connect selected problems are available with Connect. Please see the preface for

#1
ing ($2.000 versus $2,002). Albert Gonzales is no better off. PROBLEMS a connect selected problems are available with Connect. Please see the preface for more informato Basic Problems l. Moon and Sons Inc. carned $120 million last year and retained $72 million. 2. aconnect salected roblemi What is the payout ratio? Ralston Gourmet Foods Inc. earned $360 million last year and retained $252 million. What is the payout ratio? Swank Clothiers earned $640 million last year and had a 30 percent payout How much did the firm add to its retained earnings? 3

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