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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 Voorhees pay in cash dividends, and what were its average total assets? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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