The following information is available regarding Grace Smit's capital account in Enterprise Consulting Group, a general partnership, for a recent year: $\begin{array}{ll}
\text { Beginning of the ye ar balance } & \$ 22,000 \
\text { Share of partnership income } & \$ 8,500 \
\text { Withdrawals made during the year } & \$ 6,000
\end{array}$ What is Smit's partner return on equity during the year in question?
A)34.7%
B)55.7%
C)10.8%
D)36.6%
E)11.4%

Question

Quizplus · Accepted Answer

The Answer of The following information is available regarding Grace Smit's capital account in Enterprise Consulting Group, a general partnership, for a recent year: $\begin{array}{ll}
\text { Beginning of the ye ar balance } & \$ 22,000 \
\text { Share of partnership income } & \$ 8,500 \
\text { Withdrawals made during the year } & \$ 6,000
\end{array}$ What is Smit's partner return on equity during the year in question?
A)34.7%
B)55.7%
C)10.8%
D)36.6%
E)11.4%

The Following Information Is Available Regarding Grace Smit's Capital Account