[Answered] The partners Randolph and Harrison agree to divide net income of 24,800 in the ratio of 3 to 2. What ...

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Author Question: The partners Randolph and Harrison agree to divide net income of 24,800 in the ratio of 3 to 2. What ... (Read 30 times)

Hungry!

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on: Jun 24, 2018

The partners Randolph and Harrison agree to divide net income of 24,800 in the ratio of 3 to 2. What is each partner's share of the net income?

Question 2

A ski lodge had net income of 450,200 on its February 28 income statement. The balance sheet on the same day showed equity of 2,210,600. What is the return on equity, to the nearest tenth percent?

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dudman123

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Posts: 304

Reply #1 on: Jun 24, 2018

Answer to Question 1

Randolph 14,880; Harrison 9,920

Answer to Question 2

20.4

Hungry!

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Posts: 1,071

Reply #2 on: Jun 24, 2018

Thank you

dudman123

Sr. Member
Posts: 304

Reply #3 on: Jun 24, 2018

Happy to help you

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Author Question: The partners Randolph and Harrison agree to divide net income of 24,800 in the ratio of 3 to 2. What ... (Read 30 times)

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