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At the end of 2020, Blake's Bad Ace Bikes, Inc., has the following: . Net Sales: $250,000 Cost of Goods: $100,000 Fixed Costs: $50,000 Depreciation:
At the end of 2020, Blake's Bad Ace Bikes, Inc., has the following: . Net Sales: $250,000 Cost of Goods: $100,000 Fixed Costs: $50,000 Depreciation: $40,000 Interest:$30,000 Tax Rate: 30% Total Debt: $200,000 Total Shareholder Equity: $500,000 . If Blake pays out $5,000 in Dividends, what is Blake's Retention Ratio? 2.0% 23.81% O 76.19% 3.2%
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