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Howe and Duley's company is organized as a partnership. At the prior year-end, partnership equity totaled $149,000 ($98,000 from Howe and $51,000 from Duley). For
Howe and Duley's company is organized as a partnership. At the prior year-end, partnership equity totaled $149,000 ($98,000 from Howe and $51,000 from Duley). For the current year, partnership net income is $25,400 ($20,300 allocated to Howe and $5,100 allocated to Duley), and year-end total partnership equity is $198,600 ($141,800 from Howe and $56,800 from Duley). Compute the total partnership return on equity and the individual partner return on equity ratios. Choose Numerator: Net income 25,400 Total Partnership Return on Equity Choose Denominator: Total Partnership Return on Equity Average partner equity - Total Partnership Return on Equity 0 Partners Choose Numerator: Net income Individual Partner Return on Equity 1 Choose Denominator: Average partner equity - Return on Equity Return on Equity 0 Howe Duley 0
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