Northwood, Inc., has revenue of $455,316, costs of $316,487, and pays taxes at a rate of 31
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Northwood, Inc., has revenue of $455,316, costs of $316,487, and pays taxes at a rate of 31 percent. If the firm pays out 45 percent of its earnings as dividends every year, how much earnings are retained and what is the firm’s retention ratio?
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Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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