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Sandhill company has stockholders equity of 370,000 and net income of $61,000. It has a payout ratio of 18% and a return on assets of

Sandhill company has stockholders equity of 370,000 and net income of $61,000. It has a payout ratio of 18% and a return on assets of 20%. How much did Hollie pay in cash ? What were the average total assets

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