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Nikos Company paid cash dividends on ordinary shares of 210,000 and reported net income of 620,000. Its average ordinary shareholders equity is 2,000,000 and it
Nikos Company paid cash dividends on ordinary shares of 210,000 and reported net income of 620,000. Its average ordinary shareholders equity is 2,000,000 and it has 200,000 ordinary shares outstanding. Preference dividends of 100,000 were declared and paid during the period.
Required:
Determine the payout for the Nikos Company.
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