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Brief Exercise 18-13 Guo Company has owners equity of $386,700 and net income of $95,523. It has a payout ratio of 26% and a return
Brief Exercise 18-13 Guo Company has owners equity of $386,700 and net income of $95,523. It has a payout ratio of 26% and a return on assets of 17%. How much did Guo pay in cash dividends, and what were its average assets?
Brief Exercise 18-13 Guo Company has owners' equity of $386,700 and net income of $95,523. It has a payout ratio of 26% and a return on assets of 17% 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 LINK TO TEXTStep by Step Solution
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