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Guo Company has stockholders' equity of $360, 400 and net income of $135, 552. It has a payout ratio of 26% and a return on
Guo Company has stockholders' equity of $360, 400 and net income of $135, 552. It has a payout ratio of 26% and a return on assets of 16%. How much did Guo pay in cash dividends, and what were its average assets? (Round answers to o decimal places, e.g. 125.)
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