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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
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
- Dividend Payout Ratio
- retention ratio
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