Partnership Formation (Please help me solve this and explain it so I can study it later, Thanks!)

PROBLEM #1

?Question 1:

Using the same information above, except that Melchor invests P200,000 cash (other than those noncash assets mentioned in the previous problem, what would be the new profit and loss ratio of Melchor [assuming that the prot and loss ratio is based on partners initial contribution]? Remove the percentage sign and use up to decimal places after converting your final answer into percentage. Baby and Melchor entered into a partnership in June by investing the following assets: Baby Melchor Cash P300000 Merchandise inventory P900000 Office equipment 500,000 Store equipment l ,100,000 Building 2.000000 The agreement between Baby and Melchor provides that profit and losses are shared 40% and 60% to Baby and Melchor, respectively. The partnership assumes a P400000 real mortgage attached on the building. If Melchor is to receive a capital credit equal to his profit and loss ratio, how much cash must he invest