U10Q2

Marigold Co. invested $920,000 in Swifty Co. for 25% of its outstanding stock. Swifty Co. pays out 30% of net income in dividends each year. Use the information in the following T-account for the investment in Swifty to answer the following questions. (a) How much was Marigold Co's share of Swifty Co.'s net income for the year? Net income $ (b) What was Swifty Co.s total net income for the year? Total net income \$ $ (c) What was Swifty Co.'s total dividends for the year? Total Dividends $ (d) How much was Marigold Co.'s share of Swifty Co.'s dividends for the year? $