Bulldogs Inc. uses Additional Funds Needed as a plug item. If the company had forecast its additional financing needed to be 2,340,000, its capital budget at 3,600,000, and net income at 1,800,000, what is its retention ratio? Put percentage sign (XX%)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Bulldogs Inc. uses Additional Funds Needed as a plug item. If the company had forecast its
additional financing needed to be 2,340,000, its capital budget at 3,600,000, and net income
at 1,800,000, what is its retention ratio?
Put percentage sign (XX%)
Transcribed Image Text:Bulldogs Inc. uses Additional Funds Needed as a plug item. If the company had forecast its additional financing needed to be 2,340,000, its capital budget at 3,600,000, and net income at 1,800,000, what is its retention ratio? Put percentage sign (XX%)
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