A​ & E​ Holdings' profit and loss statement showed a net income of 934% of revenue or $29,250. Twenty percent of net income was paid in corporation tax and​ 75% of the net income​ after-tax was paid out as dividends to Alice and​ Emile, who share in the ratio 5 to 3. ​(a) What was the revenue of A​ & E​ Holdings? ​(b) How much was the​ after-tax income? ​(c) How much was paid out in​ dividends? ​(d) What percent of net income did Alice receive as a​ dividend?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
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Chapter12: Balanced Scorecard And Other Performance Measures
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Problem 3PA: Macon Mills is a division of Bolin Products. Inc. During the most recent year, Macon had a net...
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A​ & E​ Holdings' profit and loss statement showed a net income of 934% of revenue or $29,250.

Twenty percent of net income was paid in corporation tax and​ 75% of the net income​ after-tax was paid out as dividends to Alice and​ Emile, who share in the ratio 5 to 3.

​(a) What was the revenue of A​ & E​ Holdings?

​(b) How much was the​ after-tax income?

​(c) How much was paid out in​ dividends?

​(d) What percent of net income did Alice receive as a​ dividend?

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