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Rugged Sports Enterprises LP is organized as a limited partnership consisting of two individual partners: Hockey LP and Football LP. Both partners separately operate a

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Rugged Sports Enterprises LP is organized as a limited partnership consisting of two individual partners: Hockey LP and Football LP. Both partners separately operate a minor league hockey team and a semipro football team. Hockey LP $ 320,000 47,336 Balance at 6/30/2016 Annual net income Cash distribution Balance at 6/30/2017 Football LP $1,312,000 970,388 (130,000) $2,152,388 Total $1,632,000 1,017,724 (130,000) $2,519,724 $ 367,336 Compute partner return on equity for each limited partnership (and the total) for the year ended June 30, 2017, using the following selected data on partner capital balances from Rugged Sports Enterprises LP. Return on Equity Choose Numerator: | Choose Denominator: = Return On Equity Return On Equity = Rugged Sports Enterprises LP 1

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