Guo Company has owners’ equity

timer Asked: Dec 13th, 2015

Question description

Guo Company has owners’ equity of $391,800 and net income of $71,140. It has a payout ratio of 28% and a return on assets of 10%.How much did Guo pay in cash dividends, and what were its average assets? (Round answers to 0 decimal places, e.g. 125.)Cash dividends$Average assets$

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