SOLUTION: net profits XYZ Company were two-sevenths of revenue. If the company declared a dividend of 1 280 000 and five-ninths of the net profit was retained in the company, what was last y
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Question 1177150: net profits XYZ Company were two-sevenths of revenue. If the company declared a dividend of 1 280 000 and five-ninths of the net profit was retained in the company, what was last year's revenue? Answer by CPhill(1959) (Show Source):
You can put this solution on YOUR website! I'll calculate the revenue of XYZ Company.
```python?code_reference&code_event_index=3
# Define the dividend
dividend = 1280000
# Calculate the net profit
net_profit = dividend / (4/9)
# Calculate the revenue
revenue = net_profit * (7/2)
# Display the revenue
print(f"The revenue of XYZ Company is: ${revenue:.2f}")
```
```text?code_stdout&code_event_index=3
The revenue of XYZ Company is: $10080000.00
```
The revenue of XYZ Company is: $10,080,000.00.
Let me know if you need help with any other calculations!
