Question
Brief Exercise 18-13 Guo Company has owners equity of $358,600and net income of $87,024. It has a payout ratio of24% and a return on assets
Guo Company has owners equity of $358,600and net income of $87,024. It has a payout ratio of24% and a return on assets of16%.
How much did Guo pay in cash dividends, and what were its average assets?(Round answers to 0 decimal places, e.g. 125.)
| Cash dividends | $ |
| Average assets | $ |
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Accounting Information Systems
Authors: Robert Hurt
2nd Edition
78111056, 978-0078111051
