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Question: Design Services is organized as a limited partnership, with Miko Toori as one of its partners. Miko's capital account began the year with a
Question: Design Services is organized as a limited partnership, with Miko Toori as one of its partners. Miko's capital account began the year with a balance of $35,000. During the year, Miko's share of the partnership income was $7,500, and Miko received $4,000 in distributions from the partnership. What is Miko's partner return on equity?
Answers:
A 10.2%
B 22.7%
C 19.5%
D 20.4%
E 21.4%
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