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Web Services is organized as a limited partnership, with David White as one of its partners. David's capital account began the year with a balance of $45,000. During the year, David's share of the partnership income was $7,500, and David received $4,000 in distributions from the partnership. What is David's partner return on equity?

a) 7.8%

b) 8.9%

c) 15.4%

d) 16.0%

e) 16.7%

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M946050

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