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I don't remember how I calculated the profit loss ratio. Please show me the computations. I don't remember what I did lol Albert Betty Colter
I don't remember how I calculated the profit loss ratio. Please show me the computations. I don't remember what I did lol
Albert Betty Colter Salary $20,000 15,000 -O- Beg.Capital Interest 10% 10% 10% P/L Ratio 40% 20% 40% Beg. Capital $40,000 60,000 80,000 Drawing $15,000 10,000 -0- Income to be Distributed Albert Betty Colter $100,000 salary 20- IS- o 35 - Interest 4- 6 - 18- 53- profit 19,800 T 40% I 18,800 I 9 400 Tu7 Totals 42,800 30,400 26,900 $100,000Step by Step Solution
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