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Martinez Co . invested $ 9 1 0 , 0 0 0 in Sandhill Co . for 2 5 % of its outstanding stock. Sandhill
Martinez Co invested $ in Sandhill Co for of its outstanding stock. Sandhill Co pays out of net income in dividends each year.
Use the information in the following Taccount for the investment in Sandhill to answer the following questions.
Investment in Sandhill Co
a How much was Martinez Cos share of Sandhill Cos net income for the year?
Net income $enter the net income in dollars
b What was Sandhill Cos total net income for the year?
Total net income $enter the total net incom in dollars
c What was Sandhill Cos total dividends for the year?
Total Dividends $enter the total dividends in dollars
d How much was Martinez Cos share of Sandhill Cos dividends for the year?
Dividends $enter the dividends in dollars
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