Question
Guo Company has owners equity of $357,200and net income of $61,590. It has a payout ratio of30% and a return on assets of10%. How much
Guo Company has owners equity of $357,200and net income of $61,590. It has a payout ratio of30% and a return on assets of10%.
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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Cornerstones of Cost Management
Authors: Don R. Hansen, Maryanne M. Mowen
4th edition
1305970667, 978-1337514842, 1337514845, 978-1305970663
