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Question 4 of 4 8 Points 8 Points Fill in the blanks: Instructions: 1. Do not use comma and peso sign (i.e. if your answer
Question 4 of 4 8 Points 8 Points Fill in the blanks: Instructions: 1. Do not use comma and peso sign (i.e. if your answer is P200,500, encode it as 200500) 2. For Profit and Loss ratio, round - off and use two decimal places and express your answer in percentage (i.e. if your answer is .20345, encode it as 20.35%). Problem: Nadine and Lysa formed a partnership on Jan. 01, 2019. Below the details of their capital accounts for 2019: Nadine, Capital 200,000 500,000 1-Jul 1-Jan Lysa, Capital 300,000 150,000 1-Jan 300,000 31-Dec 30-Apr 450,000 31-Dec On the same year, the partnership generated a profit of P200,000. Required: Determine the Profit Ratio and the share on profits for Nadine and Lysa on the following agreements: A. If agreement is based on Capital Contributions: Nadine Lysa 1 2 Profit Ratio 71% 50%| 3 4 Share on Profit 213000 225000 B. If agreement is based on Average Capital: Nadine Lysa 5 6 Profit Ratio 7 8 Share on Profit
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