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Blossom Corp. has revenues of $12,298,000, costs of $9,223,500, interest payments of $412,500, and a tax rate of 34 percent. It paid dividends of $940,000
Blossom Corp. has revenues of $12,298,000, costs of $9,223,500, interest payments of $412,500, and a tax rate of 34 percent. It paid dividends of $940,000 to its stockholders. What are the firms dividend payout ratio and retention ratio? (Round answers to 2 decimal places e.g. 17.55%.)
Dividend payout ratio | enter the dividend payout ratio in percentages rounded to 2 decimal places % |
Retention ratio | enter the retention ratio in percentages rounded to 2 decimal places % |
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