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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 64 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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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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Reply #2 on: Jun 24, 2018
Thank you :)


dudman123

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Reply #3 on: Jun 24, 2018
Happy to help you


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