Applying the ratio based on investment method, compute Tom and Troy's share of net income if Tom invested $300,000 and Troy invested $500,000. Net income was $130,000. (Round any intermediate calculations to two decimal places, and your final answers to the nearest dollar.)
A) Tom, $80,000; Troy, $50,000
B) Tom, $65,000; Troy, $65,000
C) Tom, $49,400; Troy, $81,900
D) None of these answers is correct.

Question

Quizplus · Accepted Answer

Tom's share is $49,400 and Troy's share is $81,900 based on their investment ratio of 3:5.

Applying the Ratio Based on Investment Method, Compute Tom and Troy's