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Kyle, and Midget invested $ 8 0 , 0 0 0 , $ 1 2 0 , 0 0 0 respectively in a partnership they
Kyle, and Midget invested $ $ respectively in a partnership they called KM Enterprises. They have agreed to share profits and losses in the following manner: No partnership agreement, salary allowances of $ to Kyle, and $ to Midget, and remainder divided equally. interest on the original capital balance of each partner at the rate of and any remainder allocated equally. Shared in a ratio of : Required: Compute the partner's shares of profits for Net income for was $
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