Business, 12.09.2019 03:30 toddb4955

Benson and orton are partners who share income in the ratio of 2: 3 and have capital balances of $60,000 and $40,000, respectively. ramsey is admitted to the partnership and is given a 10% interest by investing $20,000. what is orton's capital balance after admitting ramsey?
a. $16,000
b. $20,000
c. $44,800
d. $35,200

Answers: 3

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Benson and orton are partners who share income in the ratio of 2: 3 and have capital balances of $60...