Question #11 The North Bay Boating Companys Net Income for its fiscal year ended April...
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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 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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