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Goodwin Corp. has revenues of $11,239,777, costs of $8,429,833, interest payments of $412,375, and a tax rate of 34 percent. It paid dividends of $970,000
Goodwin Corp. has revenues of $11,239,777, costs of $8,429,833, interest payments of $412,375, and a tax rate of 34 percent. It paid dividends of $970,000 to its stockholders. Find the firm's dividend payout ratio and retention ratio.(Round answers to 2 decimal places e.g. 17.54%.)
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