The Muneer, Majid, and Mahmood partnership had two assets:

(1) cash of RO 120,000 and

(2) an investment with a book value of RO 330,000. The ratio for sharing profits and losses is 6:3:3. The balances in the capital accounts were:

Muneer, capital: RO 45,000 Majid, capital: RO 75,000 Mahmood, capital: RO 30,000 Required: If the investment was sold for RO 240,000, how much cash would each partner have received? (show All Steps)