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Compute the Actual Earnings Retention Rate for 2014. State in percent format to the nearest basis point. Don't include the percent sign. Hence, a result
Compute the Actual Earnings Retention Rate for 2014.
State in percent format to the nearest basis point. Don't include the percent sign. Hence, a result of 35.42% would be entered as 35.42
Don't round until the end of the problem.
2014 17,277 7,168 10,109 5,982 570 31-Dec Net sales Cost of sales Gross profit Selling, general and administrative expenses Other (income) expense, net Charge for Venezuela accounting change Operating profit (EBIT) Non-service related postretirement costs Interest expense, net Income before income taxes Provision for income taxes Net income 3,557 24 3,533 1,194 2,339 2014 17,277 7,168 10,109 5,982 570 31-Dec Net sales Cost of sales Gross profit Selling, general and administrative expenses Other (income) expense, net Charge for Venezuela accounting change Operating profit (EBIT) Non-service related postretirement costs Interest expense, net Income before income taxes Provision for income taxes Net income 3,557 24 3,533 1,194 2,339Step by Step Solution
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