Brief Exercise 13-14

Crane Company has stockholders equity of $428,100 and net income of $74,200. It has a payout ratio of 19% and a return on assets of 20%. How much did Crane pay in cash dividends, and what were its average total assets? (Round answers to 0 decimal places, e.g. 5,275.)

Cash dividends

$

Average total assets

$

Brief Exercise 13-14 Crane Company has stockholders' equity of $428,100 and net income of $74,200. It has a payout ratio of 19% and a return on assets of 20%. How much did Crane pay in cash dividends, and what were its average total assets? (Round answers to O decimal places, e.g. 5,275.) Cash dividends* Average total assets Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Question Attempts: 0 of S used SAVE FOR LATER0T R