Brief Exercise 11-13 Paul Schwartz, president of Beca Corporation, believes that it is good practice to maintain a constant payout of dividends relative to net income. Last year, net income was $616,000, and the company paid $55,440 in dividends. This year, due to some unusual circumstances, the company had a net income of $2,150,000. Paul expects next year's net income to be about $694,000 What was Beca Corporation's payout ratio last year? Payout ratio-last year LINK TO TEXT If it is to maintain the same payout ratio, what amount of dividends would it pay this year? Dividends paid this years