Bill and Bob share profits of their partnership firm in the ratio of 5:1. If the net income of the firm is $30,000, calculate the share of Bill's net income.
A)$20,000
B)$5,000
C)$30,000
D)$25,000

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The Answer of Bill and Bob share profits of their partnership firm in the ratio of 5:1. If the net income of the firm is $30,000, calculate the share of Bill's net income.
A)$20,000
B)$5,000
C)$30,000
D)$25,000

Bill and Bob Share Profits of Their Partnership Firm in the Ratio