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I need some assistance trying to figure outGuo Company has owners equity of $364,400and net income of $47,349. It has a payout ratio of27% and
I need some assistance trying to figure outGuo Company has owners equity of $364,400and net income of $47,349. It has a payout ratio of27% and a return on assets of9%.
Brief Exercise 18-13 Guo Company has owners' equity of $364,400 and net income of $47,349. It has a payout ratio of 27% and a return on assets of 9%. 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 assetsStep by Step Solution
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