Question
Guo Company has owners equity of $400,000and net income of $66,000. It has a payout ratio of20% and a return on assets of15%. How much
Guo Company has owners equity of $400,000and net income of $66,000. It has a payout ratio of20% and a return on assets of15%.
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 Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
11th Edition
111856667X, 978-1118566671
