A Company gadvretainef esrnings of $2 million and net income of $10 million. What is ghe retention ratio ( expressed as a decimal)?

Select One:

a. 0.02

b. 20.0

c. 5.0

d. 0.20

A compay has retained earnings of $2 million and net income of 10 million. What is the retrntion ratio ( expressed as a decimal)?

Select One:

a. 0.02

b. 20.0

c. 5.0

d. 0.20