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.
Turner Kelly Total
Capital balance, beginning of year 890,000 570,000 1,460,000
Net income for current year 85,000 65,000 150,000
Withdrawals for current year 40,000 25,000 65,000

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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.
Turner Kelly Total
Capital balance, beginning of year 890,000 570,000 1,460,000
Net income for current year 85,000 65,000 150,000
Withdrawals for current year 40,000 25,000 65,000

Cinema Products LP Is Organized as a Limited Partnership That