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You are given the following information for last year for Campus Dining, Inc. (CDI). Sales $9,600 SG&A Expenses $430 Cost of goods sold $4,400 Interest
You are given the following information for last year for Campus Dining, Inc. (CDI).
Sales | $9,600 |
SG&A Expenses | $430 |
Cost of goods sold | $4,400 |
Interest expense | $320 |
Depreciation expense | $480 |
Taxes | $1,191 |
Dividends | $806 |
What was the retention ratio for CDI?
A. | 83% | |
B. | 68% | |
C. | 74% | |
D. | 77% | |
E. | 80% | |
F. | 71% |
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