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Accounting
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Please 100% correct within few minutes or else skip 64 Asha and Lata are partners with Capitals of 35,00,000 and 34,00,000 respectively, on which they are entitled to interest at 10% p.a. They divide profits in the ratio of 2:1. They take Sudha, Manager of the business for the past 15 years, as partner in the firm with 1/4th share of profits and guaranteed that her share of profits will not be less than 2,00,000. Sudha brought 33,00,000 as her capital. Any excess profits received by Sudha over her 1/4th share will be borne by Asha and Lata in the ratio of 4 : 1. Profits at the end of the year before allowing interest on capitals amounted to 37,20,000. Distribute the profits. What value has been fulfilled by Asha and Lata
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