Albert,Billy,and Cathy Share Profits and Losses of Their Partnership in a 1:6:3,ratio

question 83

Multiple Choice

Albert,Billy,and Cathy share profits and losses of their partnership in a 1:6:3,ratio respectively.If the net income is $60,000,calculate Billy's share of the profits.(Do not round any intermediate calculations.)

• A) $12,000
• B) $18,000
• C) $36,000
• D) $6000