QUESTION 9 Calculate the return on equity and the retention ratio for the 2013. ABC Income Statement Ending Dec. 31st 2012 2013 Net Sales 600,000 COGS Gross Profit - Marketing Expenses 460,000 140,000 20,000 8,000 2,000 Administrative Expenses - Building rental -Depreciation expense EBIT -Interest EBT -Taxes Net Income Dividends 30000 80,000 10,000 70,000 27,100 42,900 31,800 11,100 Change in Retained Earnings nd nuhmit. Click Save All Answers to save all answers