Vuhelper
05-30-2011, 03:15 AM
FIN611
Mr. A and Mr. B are partners sharing the profits in the ratio of 2 & 3. Mr. C is admitted into the partnership with 1/5th share of future profits. Calculate the new profit sharing ratio and the sacrifice ratio.
Mr. A and Mr. B are partners sharing the profits in the ratio of 2 & 3. Mr. C is admitted into the partnership with 1/5th share of future profits. Calculate the new profit sharing ratio and the sacrifice ratio.