Cinema Products LP is organized as a limited partnership that sells movie props. Information related to the capital balances is given below. Compute the partnership return on equity.
$$\begin{array} { l r r r }
& \text { Turner } & \text { Kelly } & \text { Total } \
\text { Capital balance, beginning of year } & 890,000 & 570,000 & 1,460,000 \
\text { Net income for current year } & 85,000 & 65,000 & 150,000 \
\text { Withdrawals for current year } & 40,000 & 25,000 & 65,000
\end{array}$$

Question

Cinema Products LP is organized as a limited partnership that sells movie props. Information related to the capital balances is given below. Compute the partnership return on equity.
 $$\begin{array} { l r r r } 
& \text { Turner } & \text { Kelly } & \text { Total } \
\text { Capital balance, beginning of year } & 890,000 & 570,000 & 1,460,000 \
\text { Net income for current year } & 85,000 & 65,000 & 150,000 \
\text { Withdrawals for current year } & 40,000 & 25,000 & 65,000
\end{array}$$

Quizplus · Accepted Answer

The Answer of Cinema Products LP is organized as a limited partnership that sells movie props. Information related to the capital balances is given below. Compute the partnership return on equity.
 $$\begin{array} { l r r r } 
& \text { Turner } & \text { Kelly } & \text { Total } \
\text { Capital balance, beginning of year } & 890,000 & 570,000 & 1,460,000 \
\text { Net income for current year } & 85,000 & 65,000 & 150,000 \
\text { Withdrawals for current year } & 40,000 & 25,000 & 65,000
\end{array}$$

Cinema Products LP Is Organized as a Limited Partnership That