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Calculate bill share of net income

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Problem 1: Bill and Bob share profits of their partnership in the ratio of 6:1 respectively. If the net income of the firm is $29,000, calculate Bill's share of net income. (Do not round any intermediate calculations.)

A) $20,714
B) $4143
C) $29,000
D) $24,857

Reference no: EM132696863

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