Question

Accounting II questions any remaining net income divided to hutchins and jenkins, 2:1. what does that mean?

Answer 1

For every two dollar Hutchins gets, Jenkins gets one.

I.e., Hutchins get's 2/3rds of the pot, Jenkins 1/3.

Answer 2

So how would that working out if Hutchins had 60,000 and jenkins had 80,000 and a net income of 36,000 for the year ?