L & S have invested $80,000 and $100,000 in a partnership. Ls beginning capital investment is $80,000
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L & S have invested $80,000 and $100,000 in a partnership. L’s beginning capital investment is $80,000 and S initial capital investment is $100,000. Their ending capital balances were $85,000 and $105,000 respectively. L’s share of net income was $6,000 .What is L partners return on equity?
Related Book For
Engineering Economy
ISBN: 978-0132554909
15th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
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