Ade, Tony, Rose share profit and losses in the ratio of 3 : 2 :
FINANCIAL
JAMB 2018
Ade, Tony, Rose share profit and losses in the ratio of 3 : 2 : 1 respectively. Ade retires and the remaining partners decide to take Ade’s share in the existing ratio. What is the new ratio?
- A. 1 : 1
- B. 3 : 6
- C. 2 : 1
- D. 2 : 6
Correct Answer: C. 2 : 1
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