D&L Corporation's Profit and Loss Statement Showed a Net Income

question 108

Essay

D&L Corporation's profit and loss statement showed a net income of 9 3/4% or $41 250. Twenty-one percent of net income was paid in corporation tax and 65% of the net income after tax was paid out as dividends to Cindi and Kelsey, who hold shares in the ratio 2 to 3.
a) What was the revenue of D&L Corporation?
b) How much was the after-tax income?
c) How much was paid out in dividends?
d) What percent of net income did Kelsey receive as a dividend?

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A formerly dominant retail company specializing in toys and children's products.

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