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Crane Company has stockholders' equity of $720,000 and net income of $129,600. It has a payout ratio of 18% and a return on assets of
Crane Company has stockholders' equity of $720,000 and net income of $129,600. It has a payout ratio of 18% 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 decimal places. es 5,275.) Cash dividends $ Average total assets $
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
