Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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Guo Company has owners' equity of $350,400 and a net income of $106,920. It has a payout ratio of 26% and a return on assets of 12%. How much did Guo pay in cash dividends, and what were its average assets?

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Intermediate Financial Management (MindTap Course...
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ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Cengage Learning