JAMB Principles of Accounts 1994 Question 33

Ada and Udo are lawyers who went into partnership as Ado and Co. Ada brought cash of ₦12 000, furnishings worth ₦18 000 and a motor vehicle worth ₦70 000. Udo on the other hand brought in cash ₦10 000, his building valued at ₦105 000 and a personal computer worth ₦35 000.
What is the profit sharing ratio if it is based on capital contributed by Ada and Udo?

1. A.2:1
2. B.3:2
3. C.2:3
4. D.1:2