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Last year, Patricia's Fashions earned $2.06 per share and had 16,000 shares of stock outstanding. The firm paid a total of $18,742 in dividends.

Last year, Patricia's Fashions earned $2.06 per share and had 16,000 shares of stock outstanding. The firm paid a total of $18,742 in dividends. What is the retention ratio? 40.21% 43.14% 54.75% 64.07% 52.00%

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