QS 12-14 (Algo) Partner return on equity LO A1 Howe and Duley's company is organized as a partnership. At the prior year-end, partnership equity totaled $151,400 ($99,000 from Howe and $52,400 from Duley). For the current year, partnership net income is $25,900 ($20,700 allocated to Howe and $5,200 allocated to Duley), and year-end total partnership equity is $200,100 ($140,100 from Howe and $60,000 from Duley). Compute the total partnership return on equity and the individual partner return on equity ratios. Total Partnership Return on Equity Choose Numerator: 1 Choose Denominator: Total Partnership Return on Equity Total Partnership Return on Equity 1 1 Individual Partner Return on Equity 1 Choose Denominator: Partners Choose Numerator: Return on Equity Return on Equity = 1 Howe 11 Duley