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Felton Corporation has an owner's equity of $525,000 and a net income of $175,500. It has a payout ratio of 18% and a return on assets of 14%. How much did Felton pay in cash dividends, and what was its average asset?

Felton Corporation has an owner's equity of $525,000 and a net income of $175,500. It has a payout ratio of 18% and a return on assets of 14%. How much did Felton pay in cash dividends, and what was its average asset?

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 10P: The Moore Corporation has operating income (EBIT) of 750,000. The companys depreciation expense is...
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How much did Felton pay in cash dividends and what was it's average asset of this financial accounting question?

Felton Corporation has an owner's equity of $525,000 and a net income of $175,500. It has a payout ratio of 18% and a return on assets of 14%. How much did Felton pay in cash dividends, and what was its average asset?
Transcribed Image Text:Felton Corporation has an owner's equity of $525,000 and a net income of $175,500. It has a payout ratio of 18% and a return on assets of 14%. How much did Felton pay in cash dividends, and what was its average asset?
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