Problemdrekker inc has revenues of 312766 costs of 220222, Ask an Expert

Accounting

Problem:

Drekker, Inc., has revenues of $312,766, costs of $220,222, interest payment of $31,477, and a tax rate of 34 percent. It paid dividends of $34,125 to shareholders.

Required:

Question: Find the firm's dividend payout ratio and retention ratio.

45%, 55%
85%, 15%
55%, 45%
15%, 85%

Note: Provide support for your underlying principle.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91171498

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