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Howe and Duley's company is organized as a partnership. At the prior year-end, partnership equity totaled $151,400 ($100,200 from Howe and $51,200 from Duley). For
Howe and Duley's company is organized as a partnership. At the prior year-end, partnership equity totaled $151,400 ($100,200 from Howe and $51,200 from Duley). For the current year, partnership net income is $24,200 ($19,200 allocated to Howe and $5,000 allocated to Duley), and year-end total partnership equity is $198,300 ($138,500 from Howe and $59,800 from Duley). Compute the total partnership return on equity and the individual partner return on equity ratios. Total Partnership Return on Equity Choose Denominator: Choose Numerator: Total Partnership Return on Equity Total Partnership Return on Equity = Individual Partner Return on Equity Return on Equity Partners Choose Numerator: / Choose Denominator: Return on Equity = Howe Duley
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