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Question 1 of 24 This test: 100 point(s) possible This question: 4 point(s) possible Subr Albert, Billy, and Cathy share profits and losses of their
Question 1 of 24 This test: 100 point(s) possible This question: 4 point(s) possible Subr Albert, Billy, and Cathy share profits and losses of their partnership in a 1:5:4, ratio respectively. If the net income is $50,000, calculate Billy's share of the profits. (Do not round any intermediate calculations. Round the final answer to the nearest dollar.) A. $5,000 B. $10,000 O C. $25,000 D. $20,000
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