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

	Hockey LP			Football LP				Total
Beginning-year balance	$	361,000		$	1,480,100			$	1,841,100
Annual net income		44,211			906,326				950,537
Cash distribution					(65,000	)			(65,000	)
Ending-year balance	$	405,211		$	2,321,426			$	2,726,637

Compute partner return on equity for each limited partnership (and the total) for the year using the above data from Rugged Sports Enterprises LP.

• Return on Equity
• Partner Return on Equity

Compute partner return on equity for the year using the above data from Rugged Sports Enterprises LP.

Part A Return on Equity

Average equity

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Return On Equity

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Return On Equity

Rugged Sports

• Partner Return on Equity

Compute partner return on equity for each limited partnership (and the total) for the year using the above data from Rugged Sports Enterprises LP.

Partner Return on Equity
Partners	Choose Numerator:	/	Choose Denominator:	=	Partner Return On Equity
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Hockey LP		/		=	0
Football LP		/		=	0

Enterprises LP

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