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Goodwin Corp. has revenues of $13,756,927, costs of $10,317,695, interest payments of $412,375, and a tax rate of 34 percent. It paid dividends of $1,020,000
Goodwin Corp. has revenues of $13,756,927, costs of $10,317,695, interest payments of $412,375, and a tax rate of 34 percent. It paid dividends of $1,020,000 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:_________________%
Rentention Ratio:__________________%
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