What is the correct sequence of calculating the new profit-sharing ratio if the old profit-sharing ratio of partners and the new partner share is given?
a) Distribute remaining share between old partners in old ratio
b) Calculate the remaining share of the firm by deducting new partner share from 1
c) Assume the total share of the firm 1

cba

The correct sequence of calculating new profit-sharing ratio is
* Assume the total share of the firm 1.
* Calculate the remaining share of the firm by deducting new partner share from 1.
* Distribute remaining share between old partners in old ratio.
** IF NOTHING IS MENTIONED IT IS ASSUMED THAT THE OLD PARTNERS SHARE REMAINING SHARE IN OLD RATIO.