Mee Su is a partner in Hartford Partners, LLC. Her partnership capital balance at the beginning of the current year was $110,000, and her ending balance was $124,000. Her share of the partnership income is $10,500. What is her partner return on equity? a. 8.97% c. 9.54% e. 8.47% b. 1060.00% d. 1047.00%
Mee Su is a partner in Hartford Partners, LLC. Her partnership capital balance at the beginning of the current year was $110,000, and her ending balance was $124,000. Her share of the partnership income is $10,500. What is her partner return on equity? a. 8.97% c. 9.54% e. 8.47% b. 1060.00% d. 1047.00%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Mee Su is a partner in Hartford Partners, LLC. Her
capital balance at the beginning of the current year was
$110,000, and her ending balance was $124,000. Her share
of the partnership income is $10,500. What is her partner
return on equity?
a. 8.97% c. 9.54% e. 8.47%
b. 1060.00% d. 1047.00%
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