McCormick Company has stockholders equity of $400,000 and net income of $72,000. It has a payout ratio

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McCormick Company has stockholders’ equity of $400,000 and net income of $72,000. It has a payout ratio of 25% and a return on assets ratio of 16%. How much did McCormick pay in cash dividends, and what were its average total assets?

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Financial Accounting Tools for Business Decision Making

ISBN: 978-0470239803

5th Edition

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

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Question Posted: Apr 21, 2012 04:27 AM

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McCormick Company has stockholders equity of $400,000 and net income of $72,000. It has a payout ratio

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Payout ratio 25 X 72000 25 18000 Cash ...View the full answer

Financial Accounting Tools for Business Decision Making

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