Hunt Sports Enterprises LP is organized as a limited partnership consisting of two individual partners: Soccer LP and Football LP. Both partners separately operate a minor league soccer team and a semipro football team. Compute partner return on equity for each limited partnership (and the total) for the year ended June 30, 2009, using the following selected data on partner capital balances from Hunt Sports EnterprisesLP.

Transcribed Image Text:

Soccer LP Football LP Total $331,000 $1357,100 $1.688,100 761,208 (65,000) Balance at 6/30/2009 ..$366,405 $2,017,903 $2,384,308 Balance at 6/30/2008. .. Annual net income·····.. 725,803 (65.000) 35.405