Wednesday, November 13, 2013

An Accounting question...

There are 3 Partners that own a company. At the end of the year the company has a profit of $150,000.
The Partnership Agreement states that profits will be shared at a Ratio of 3:2:1....

How much does Partner A, B and C get?

2 comments:

Meghan said...

Wouldn't it be $75k, $50k and $25k? Is this a trick question, Pea?

Gerald Pea said...

It is not a trick question and your answer is correct Meghan. Was that too easy for you?