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  3. cullumber company has stockholders equity of $280,

Cullumber Company has stockholders equity of $280,000 and net income of $50,400. It has a...

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Cullumber Company has stockholders equity of $280,000 and net income of $50,400. It has a payout ratio of 18% and a return on assets of 20%. How much did Cullumber pay in cash dividends, and what were its average total assets? Cash dividends Average total assets

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