Preparing a classified balance sheet the following financial data for the st. John corporation was collected as of december 31, 2013. All accounts have normal balances.

Hend's ownership percentage after Fatima is admitted is 28%.

Explanation:

Since on Jan 1, Athari and Hend are partners with capital balances of 40,000 and 20,000 and they share profits and losses in the ratio of 3: 2 respectively, and on this date, Fatima invests 20,000 in cash for a 15 percent interest in the partnership, to determine Hend's ownership percentage after Fatima is admitted, the following calculation must be performed:

40,000 + 20,000 = 100%

100 - 15 = 85

60,000 = 85

20,000 = X

20,000 x 85 / 60,000 = X

28,333 = X

Therefore, Hend's ownership percentage after Fatima is admitted is 28%.