Do fast this question answer general Accounting Chen Corporation has owners' equity of $425,000 and netincome of $72,800. The company maintains a payout ratioof 25% and achieves a return on assets of 12%. CalculateChen Corporation's cash dividend payments and averageassets. (Round answers to 0 decimal places, e.g. 125.)

Step 1: Define Cash Dividend Payments and Average AssetsCash Dividend Payments are the portion of a…

Answered: Chen Corporation has owners' equity of…

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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Chen Corporation has owners' equity of $425,000 and net income of $72,800. The company maintains a payout ratio of 25% and achieves a return on assets of 12%. Calculate Chen Corporation's cash dividend payments and average assets. (Round answers to 0 decimal places, e.g. 125.)