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Ahmed and Bilal share profit in the ratio of 4 and 1. Khalid is admitted and is given 1/8 share of profit. So, the new
Ahmed and Bilal share profit in the ratio of 4 and 1. Khalid is admitted and is given 1/8 share of profit. So, the new profit sharing ratio will be
a.
20 : 10 : 10
b.
7 : 5 : 28
c.
28 : 7 : 5
d.
25 : 7 : 8
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Financial Modeling
Authors: Simon Benninga
3rd Edition
0262026287, 9780262026284
