Question
Mike, Tom, and Larry invested $78,750, $22,500 and $123,750 respectively in a consulting business. They decided to expand the business by injecting an extra $180,000.
Mike, Tom, and Larry invested $78,750, $22,500 and $123,750 respectively in a consulting business. They decided to expand the business by injecting an extra $180,000. How much should each invest in order to maintain the same proportion?
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Managerial Accounting
Authors: Ray Garrison, Theresa Libby, Alan Webb
10th Canadian edition
978-1259024900
