Voorhees Company has stockholders equity of $400,000 and net income of $72,000. It has a payout ratio
Question:
Voorhees 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 of 20%. How much did Voor hees pay in cash dividends, and what were its average total assets?
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Payout ratio 18 X 72000 18 12960 Cash div...View the full answer
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Related Book For 
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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