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Penguin, Incorporated, has balance sheet equity of $5.9 million. At the same time, the income statement shows net income of $885,000. The company paid dividends

Penguin, Incorporated, has balance sheet equity of $5.9 million. At the same time, the income statement shows net income of $885,000. The company paid dividends of $473,475 and has 150,000 shares of s...

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