What is retention ratio, Redding industrial supply had

What is retention ratio

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Reference no: EM131581801

Redding industrial supply had common stock of $6800 and retained earnings of $4925 at the beginning of the year. At the end of the year, the common stock balance is $7000 and the retained earning's account balance is $5498. The net income for the year is $938. What is the retention ratio?

Reference no: EM131581801

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