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QUESTION
The Golden Slipper has sales of $487,900, EBIT of $128,650, taxes of 35 percent, interest paid of $12,400, and a dividend payout ratio of 40 percent....
The Golden Slipper has sales of $487,900, EBIT of $128,650, taxes of 35 percent, interest paid of $12,400, and a dividend payout ratio of 40 percent. What is the common-size ratio of the addition to retained earnings?
