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Hollie Company has stockholders' equity of $360,000 and net income of $69,000. It has a payout ratio of 22% and a return on assets of

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Hollie Company has stockholders' equity of $360,000 and net income of $69,000. It has a payout ratio of 22% and a return on assets of 10% How much did Hollie pay in cash dividends, and what were its average total assets? Cash dividends $ Average total assets

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