What does a retention ratio of 0.60 indicate? Group of answer choices The company is paying out 60% of its net income as dividends. The company's net income is 60% of its total revenue. The company's retained earnings are 60% of its total assets. The company is retaining 60% of its net income.
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The retention ratio is the proportion of net income that is retained in the company rather than being paid out as dividends. Show more…
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