A firm has paid out Rs. 150,000 as dividends from its net income of Rs. 250,000 what is the retention ratio for the firm? (Retention ratio = net income – dividend/Net income)
A. 12%
B. 25%
C. 40%
D. 60%
Answer:C
A firm has paid out Rs. 150,000 as dividends from its net income of Rs. 250,000 what is the retention ratio for the firm? (Retention ratio = net income – dividend/Net income)
A. 12% B. 25% C. 40% D. 60%