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12 Pharoah Company has stockholders equity of $ 440,000 and net income of $ 79,200 . It has a payout ratio of 18 % and
12
Pharoah Company has stockholders equity of $440,000 and net income of $79,200. It has a payout ratio of 18% and a return on assets of 20%. How much did Pharoah pay in cash dividends, and what were its average total assets? (Round answers to 0 decimal places, e.g. 5,275.)
Cash dividends | $Enter cash dividends in dollars rounded to 0 decimal places | |
---|---|---|
Average total assets | $Enter average total assets in dollars rounded to 0 decimal places |
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