Schiller Company has stockholders equity of $400,000 and net income of $72,000. It has a payout ratio

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Schiller Company has stockholders’ equity of $400,000 and net income of $72,000. It has a payout ratio of 18% and a return on assets ratio of 20%. How much did Schiller pay in cash dividends, and what were its average total assets?

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Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

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

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Question Posted: Sep 21, 2011 01:57 PM

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Schiller Company has stockholders equity of $400,000 and net income of $72,000. It has a payout ratio

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