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Use the information below to answer this question.Timo and Chris are computer en...


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Use the information below to answer this question.Timo and Chris are computer engineers who went into partnership as Teachi and Co. Timo brought cash of₦12,000 furniture worth of ₦18,000 and vehicle worth of 70,000. Chris equally brought in cash of 10,000 his building valued at 105,000 and personal computers worth ₦35,000.What is the profit sharing ratio if it’s based on capital contribution by Teechi and Co?

Options

A) 2 : 3

B) 3 : 2

C) 6 : 5

D) 5 : 6

The correct answer is A.


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