Hollie Company has stockholders equity of $400,000 and net income of $72,000. It has a payout ratio
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Hollie Company has stockholders’ equity of $400,000 and net income of $72,000.
It has a payout ratio of 18% and a return on assets of 20%. How much did Hollie pay in cash dividends, and what were its average total assets? LO15
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Related Book For 
Financial Accounting
ISBN: 9781118953907
8th Edition
Authors: Paul D Kimmel, Jerry J Weygandt, Donald E Kieso
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