Caitlin, Tiffany, and Nicholas invested a total of $540,000 in the ratio of 8 : 6 : 4 to start a business. Two months later, each of them invested an additional $50,000 into the business. Calculate their new investment ratio after the additional investment.

Caitlin, Tiffany, and Nicholas invested a total of $540,000 in the ratio of 8 : 6 : 4 to start a business. Two months later, each of them invested an additional $50,000 into the business. Calculate their new investment ratio after the additional investment.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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