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Bill and Bob share profits of their partnership in the ratio of 7:1 respectively. If the net income of the firm is $27,000, calculate

Bill and Bob share profits of their partnership in the ratio of 7:1 respectively. If the net income of the firm is $27,000, calculate Bill's share of net income. (Do not round any intermediate calculations.) OA. $20,250 OB. $23,625 Oc. $3,375 OD. $27,000

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