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.
$$\begin{array} { l l l l }
& \text { Turner } & \text { Kelly } & \text { Total } \
\text { Capital balance, begirning of year } &8 9 0 , 0 0 0 & 570,000 & 1,460,000 \
\text { Net income for current year } &8 5 , 0 0 0 & 65,000 & 150,000 \
\text { Withdrawals for current year } & 40,000 & 25,000 & 65,000
\end{array}$$

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.
 $$\begin{array} { l l l l } 
& \text { Turner } & \text { Kelly } & \text { Total } \
\text { Capital balance, begirning of year } &8 9 0 , 0 0 0 & 570,000 & 1,460,000 \
\text { Net income for current year } &8 5 , 0 0 0 & 65,000 & 150,000 \
\text { Withdrawals for current year } & 40,000 & 25,000 & 65,000
\end{array}$$

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.
 $$\begin{array} { l l l l } 
& \text { Turner } & \text { Kelly } & \text { Total } \
\text { Capital balance, begirning of year } &8 9 0 , 0 0 0 & 570,000 & 1,460,000 \
\text { Net income for current year } &8 5 , 0 0 0 & 65,000 & 150,000 \
\text { Withdrawals for current year } & 40,000 & 25,000 & 65,000
\end{array}$$

Cinema Products LP Is Organized as a Limited Partnership That