Haymark Products Company has stockholders' equity of $400,000 and net in- come of $50,000. It has a

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Haymark Products Company has stockholders' equity of $400,000 and net in- come of $50,000. It has a payout ratio of 20% and a rate of return on assets of 16%. How much did Haymark Products pay in cash dividends, and what were its average assets?

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