None. Apex Corporation has an owner's equity of $425,000 and a net incomeof $153,600. It has a payout ratio of 25% and a return on assets of 18%.Calculate the cash dividends paid and the average total assets.

Step 1: Define Cash DividendsCash dividends represent the portion of a company's earnings…

Answered: Apex Corporation has an owner's equity…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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Apex Corporation has an owner's equity of $425,000 and a net income of $153,600. It has a payout ratio of 25% and a return on assets of 18%. Calculate the cash dividends paid and the average total assets.