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Ramer and Knox began a partnership by investing $ 6 2 , 0 0 0 and $ 9 3 , 0 0 0 , respectively.
Ramer and Knox began a partnership by investing $ and $ respectively. During its first year, the partnership earned $ Prepare calculations showing how the $ income is allocated under each separate plan for sharing income and loss.
The partners agreed to share income and loss in proportion to their initial investments. Net income is $ Note: Do not round intermediate calculations.
tabletableFraction to AllocateRamertableRamers Shareof IncometableFraction to AllocateKnoxtableKnoxs Share ofIncometableTotal incomeAllocated$
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