McCormick Company has stockholders equity of $400,000 and net income of $72,000. It has a payout ratio
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McCormick Company has stockholders’ equity of $400,000 and net income of $72,000. It has a payout ratio of 25% and a return on assets ratio of 16%. How much did McCormick pay in cash dividends, and what were its average total assets?
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Payout ratio 25 X 72000 25 18000 Cash ...View the full answer
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-0470239803
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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