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Blossom Company has stockholders' equity of $1,120,000 and net income of $201,600. It has a payout ratio of 18% and a return on assets
Blossom Company has stockholders' equity of $1,120,000 and net income of $201,600. It has a payout ratio of 18% and a return on assets of 20%. How much did Blossom pay in cash dividends, and what were its average total assets? Cash dividends $ Average total assets
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
