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The following condensed balance sheet is for the partnership of Hardwick, Saunders, and Ferris, who share profits and losses in the ratio of 4 :

The following condensed balance sheet is for the partnership of Hardwick, Saunders, and Ferris, who share profits and losses in the ratio of 4:3:3, respectively:
\table[[Cash,$93,000,Accounts payable,],[Other assets,815,000,Ferris, loan,],[Hardwick, loan,44,000,\table[[Hardwick, capital],[Saunders, capital]],$48,000
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