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A & E Holdings' profit and loss statement showed a net income of 9 3/4 % of revenue or $29,250. Twenty percent of net income
A & E Holdings' profit and loss statement showed a net income of 9 3/4 % 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. What was the revenue of A & E Holdings? How much was the after-tax income? How much was paid out in dividends? What percent of net income did .Alice receive as a dividend
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