Last year, Pet Smart Inc. had $934,600 in sales and $67,800 in net income. During this time, Pet Smart's total equity rose by $43,500 and its total assets increased by $62.000. What is Pet Smart's retention ratio, assuming it did not repurchase any shares or issue any new equity? Multiple Choice 64.16 percent 2962 percent 35.84 percent 70.38 percent 56.25 percent