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Hackman Industries plans to retain 30% of their earnings every year. This year they had $450,000 in net income. Calculate the following... A. Retention

 

Hackman Industries plans to retain 30% of their earnings every year. This year they had $450,000 in net income. Calculate the following... A. Retention Ratio B. Amount retained C. Dividend Payout Ratio D. Amount paid out in dividends Show work for full credit on correct answers and partial credit on wrong answers.

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