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

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Guo Company has stockholders' 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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Financial Accounting

ISBN: 9781118334324

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Feb 17, 2014 11:25 AM

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

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Payout ratio 20 X 66000 20 13200 ...View the full answer

Financial Accounting

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