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D&L Corporation's profit and loss statement showed a net income of 93/4% of revenue or $41,250. Twenty-one percent of net income was paid in corporation
D&L Corporation's profit and loss statement showed a net income of 93/4% of revenue 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. What was the revenue of D&L Corporation?
a.
$338,209.30
b.
$423,076.92
c.
$389,005.85
d.
$4,021.88
e.
$41,249.90
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