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A firm earns net income of $250,000 in a given year and the firm's retained earnings increase $200,000 for that same year. The retention ratio
A firm earns net income of $250,000 in a given year and the firm's retained earnings increase $200,000 for that same year. The retention ratio is:
Select one:
a. 40%
b. 25%
c. 60%
d. 100%
e. 80%
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