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How much did guo pay in cash dividends

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Guo Company has owners' equity of $363,000 and net income of $81,504. It has a payout ratio of 28% and a return on assets of 12%.

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: EM131812373

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