BE18-13 Guo Company has stockholders' equity of $400,000 and net income of $66,000. It has a payout ratio of 20% and a return on assets of 15%. How much did Guo pay in cash dividends, and what were its average assets?

BE18-13 Guo Company has stockholders' equity of $400,000 and net income of $66,000. It has a payout ratio of 20% and a return on assets of 15%. How much did Guo pay in cash dividends, and what were its average assets?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Q: How much did Guo pay in cash dividends, and what were its average return on assets?

Question

from these data?
BE18-13 Guo Company has stockholders' equity of $400,000 and net income of $66,000.
It has a payout ratio of 20% and a return on assets of 15%. How much did Guo pay in cash
dividends, and what were its average assets?

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