Accounting Midterm Exam ACG-2011: Question 30

Renee Jackson is a partner in Sports Promoters. Her beginning partnership capital balance for the current year is $55,400, and her ending partnership capital balance for the current year is $62,400. Her share of this year's partnership income was $5,650. What is her partner return on equity?

	9.59%
	11.04%
	9.05%
	10.20%
	9.81%

$5,650 / [($55,400 + $62,400) / 2] = 9.59%