Ming Company has stockholders equity of $400,000 and net income of $68,000. It has a payout ratio

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Ming Company has stockholders’ equity of $400,000 and net income of $68,000. It has a payout ratio of 20% and a rate of return on assets of 16%. How much did Ming pay in cash dividends, and what were its average assets?

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Managerial Accounting Tools for business decision making

ISBN: 978-1118096895

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Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Mar 22, 2012 06:33 AM

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Ming Company has stockholders equity of $400,000 and net income of $68,000. It has a payout ratio

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Payout ratio 20 X 68000 20 13600 Ca...View the full answer

Managerial Accounting Tools for business decision making

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