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Nielsen's has annual sales of $352,400 and a profit margin of 5.2 percent. The firm has beginning owners' equity of $136,400 and ending owners' equity

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Nielsen's has annual sales of $352,400 and a profit margin of 5.2 percent. The firm has beginning owners' equity of $136,400 and ending owners' equity of $140,675. The firm neither sold nor repurchased shares during the year. What is the firm's retention ratio? 23.33 percent 40.00 percent 19.10 percent 36.67 percent 26.87 percent

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