Determine smithrsquos partner return on equity during the, Ask an Expert

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problem: The following data is available regarding John Smith’s capital account in Technology Consulting Group, a general partnership, for a new year:

Beginning of the year balance USD 22,000

His share of the partnership income USD 8,500

Withdrawals made during the year USD 6,000

Determine Smith’s partner return on equity during the year?

[A] 10.8%

[B] 11.4%

[C] 55.7%

[D] 36.6%

[E] 34.7%

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M916339

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