Accounting Midterm Exam ACG-2011: Question 25

Renee Jackson is a partner in Sports Promoters. Her beginning partnership capital balance for the current year is $55,000, and her ending partnership capital balance for the current year is $62,000. Her share of this year's partnership income was $5,250. What is her partner return on equity?

	9.54%
	10.47%
	8.47%
	10.60%
	8.97%

$5,250/[($55,000 + $62,000)/2] = 8.97%