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Discuss how much did guo pay in cash dividends

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Guo Company has owners' equity of $358,600 and net income of $87,024. It has a payout ratio of 24% and a return on assets of 16%.

How much did Guo pay in cash dividends, and what were its average assets? (Round answers to 0 decimal places, e.g. 125.)

Reference no: EM131812956

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