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Howe and Duleys company is organized as a partnership. At the prior year-end, partnership equity totaled $149,900 ($98,200 from Howe and $51,700 from Duley). For
Howe and Duleys company is organized as a partnership. At the prior year-end, partnership equity totaled $149,900 ($98,200 from Howe and $51,700 from Duley). For the current year, partnership net income is $25,800 ($19,300 allocated to Howe and $6,500 allocated to Duley), and year-end total partnership equity is $199,800 ($141,300 from Howe and $58,500 from Duley). Compute the total partnership return on equity and the individual partner return on equity ratios.
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