Gladow Company has owners equity of $400,000 and net income of $66,000. It has a payout ratio

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Gladow Company has owners’ equity of $400,000 and net income of $66,000. It has a payout ratio of 20% and a rate of return on assets of 15%. How much did Gladow pay in cash dividends, and what were its average assets?

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Accounting Principles

ISBN: 978-0470533475

9th Edition

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

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Question Posted: Sep 13, 2011 08:14 AM

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Gladow Company has owners equity of $400,000 and net income of $66,000. It has a payout ratio

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Accounting Principles

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