Guo Company has owners' equity of $378,800 and net income of $66,726. It has a payout ratio of 24% and a return on assets of 9%.
How much did Guo pay in cash dividends, and what were its average assets? (Round answers to 0 decimal places, e.g. 125.)
Cash dividends |
$13,200 |
Average assets |
$440,000 |