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The following information is available regarding Grace Smit's capital account in Enterprise Consulting Group, a general partnership, for a recent year: Beginning of the year

The following information is available regarding Grace Smit's capital account in Enterprise Consulting Group, a general partnership, for a recent year: Beginning of the year balance $ 22,000 Share of partnership income $ 8,500 Withdrawals made during the year $ 6,000 What is Smit's partner return on equity during the year in question? Multiple Choice 36.6% 34.7% 10.8% 11.4%

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