Asked by Madison Brown on May 05, 2024
Verified
Don, Bob, and Ron Maloney's partnership interests in Maloney Bros. Contracting are in the ratio of their capital contributions of $78,000, $52,000, and $65,000, respectively. What is the ratio of Bob's to Ron's to Don's partnership interest?
Partnership Interest
Ownership share or participation in a partnership that usually entitles the holder to a proportion of the partnership's profits and assets.
Capital Contributions
The funds or assets initially invested in a business or partnership by its owners or partners.
Ratio
A relationship in numbers expressing the frequency with which one value encompasses or is encompassed by another.
- Apply ratios to understand and calculate partnership interests and investment proportions.
Verified Answer
Learning Objectives
- Apply ratios to understand and calculate partnership interests and investment proportions.
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