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Oriole, Inc., has revenue of $471,000, costs of $329,700, and a tax rate of 31 percent. If the firm pays out 43 percent of its
Oriole, Inc., has revenue of $471,000, costs of $329,700, and a tax rate of 31 percent. If the firm pays out 43 percent of its earnings as dividends every year, how much earnings are retained and what is the firms retention ratio? (Round answers to 0 decimal places e.g. 1,575.)
Retained earnings | $ | enter the retained earnings in dollars rounded to 0 decimal places | |
Retention ratio | enter the retention ratio in percentages rounded to 0 decimal places | % |
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