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QS 12-10 Partner return on equity LO A1 Howe and Duley's company is organized as a partnership. At the prior year-end, partnership equity totaled $149,800
QS 12-10 Partner return on equity LO A1 Howe and Duley's company is organized as a partnership. At the prior year-end, partnership equity totaled $149,800 ($101,100 from Howe and $48,700 from Duley). For the current year, partnership net income is $25,600 ($19,100 allocated to Howe and $6,500 allocated to Duley), and year-end total partnership equity is $201,600 ($141,000 from Howe and $60,600 from Duley). Compute the total partnership return on equity and the individual partner return on equity ratios. Choose Numerator: 1 Total Partnership Return on Equity Choose Denominator: Total Partnership Return on Equity Total Partnership Return on Equity / - / - 0 Individual Partner Return on Equity 1 Choose Denominator: Partners Choose Numerator: Return on Equity Return on Equity Howe 0 Duley 0
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