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Find what ratio is net income to be divided

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Reference no: EM132500470

Question 1: Jefferson has a capital balance of $65,000 and devotes full time to a partnership. Washington has a capital balance of $45,000 and devotes half time to the partnership. If no other information is available regarding distributions, in what ratio is net income to be divided?

a. 1:1

b. 1:2

c. 4.5:6.5

d. 6.5:4.5

Reference no: EM132500470

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