Last year, net profits of Herd Inc were two sevenths of revenue If the company declared a dividend of $12 800 and five ninths of the net profit was retained in the company, what was last years revenue ...

Let last years profit be x 49 12 ...

Last year, net profits of Herd Inc. were two-sevenths of revenue. If the company declared a dividend

Question:

Last year, net profits of Herd Inc. were two-sevenths of revenue. If the company declared a of $12 800 and five-ninths of the net profit was retained in the company, what was last year’s revenue?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...