Guo Company has owners' equity of $357,200 and net income of $61,590. It has a payout ratio of 30% 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.)

Guo Company has owners' equity of $357,200 and net income of $61,590. It has a payout ratio of 30% 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.)

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...

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Please give me answer Accounting question

Guo Company has owners' equity of $357,200 and net
income of $61,590. It has a payout ratio of 30% 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.)

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