Question: Rugged Sports Enterprises LP is organized as a limited partnership
Rugged Sports Enterprises LP is organized as a limited partnership consisting of two individual partners: Hockey LP and Football LP. Both partners separately operate a minor league hockey team and a semipro football team. Compute partner return on equity for each limited partnership (and the total) for the year ended June 30, 2013, using the following selected data on partner capital balances from Rugged Sports EnterprisesLP.
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