Cross Corporation has Net Income of $4,095. Their retention ratio is 65%. How much will they payout in dividends this year?
Question
Solution 1
Sure, here's how to calculate the amount Cross Corporation will payout in dividends this year:
- First, understand that the retention ratio is the percentage of net income that is retained by the corporation rather than paid out as dividends. In this case, the retention ratio is 65%, which means 3 Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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