Guo Company has owners equity of $400,000 and net income of $66,000. It has a payout ratio

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Guo Company has owners’ equity of $400,000 and net income of $66,000. It has a payout ratio of 20% and a return on assets of 15%. How much did Guo pay in cash dividends, and what were its average assets?

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Question Posted: Jan 30, 2014 03:29 AM

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Guo Company has owners equity of $400,000 and net income of $66,000. It has a payout ratio

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Accounting Principles

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