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Question #11 The North Bay Boating Companys Net Income for its fiscal year ended April 30, 2020 was $128,540. The Companys Board of Directors voted

Question #11 The North Bay Boating Companys Net Income for its fiscal year ended April 30, 2020 was $128,540. The Companys Board of Directors voted to declare a Cash Dividend to shareowners of $51,416.

Required: Calculate the Companys

a) Dividend Payout Ratio

b) Retention Ratio

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