Mike, Don, and Matt entered a partnership agreement by contributing $17,000, $42,500 and $54,400 respectively. The proportion of Mike to Don to Matt's partnership interests is 1:2.5:3.2.

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The ratio of their partnership interests is 1:2.5:3.2, which is equivalent to 10:25:32. This means that Mike's contribution of $17,000 represents 10/67 of the total partnership interest, Don's contribution of $42,500 represents 25/67 of the total partnership interest, and Matt's contribution of $54,400 represents 32/67 of the total partnership interest. Therefore, the proportion of Mike to Don to Matt's partnership interests is indeed 1:2.5:3.2.

Mike, Don, and Matt Entered a Partnership Agreement by Contributing