Question: QS 1 2 - 1 4 ( Algo ) Partner return on equity LO A 1 Howe and Duleys company is organized as a partnership.

QS 12-14(Algo) Partner return on equity LO A1Howe and Duleys company is organized as a partnership. At the prior year-end, partnership equity totaled $150,600($98,300 from Howe and $52,300 from Duley). For the current year, partnership net income is $24,900($20,300 allocated to Howe and $4,600 allocated to Duley), and year-end total partnership equity is $200,900($140,500 from Howe and $60,400 from Duley). Compute the total partnership return on equity and the individual partner return on equity ratios.

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