Question: QS 12-14 (Algo) Partner return on equity LO A1 Howe and Duley's company is organized as a parthership. At the prior year-end, parthership equity totaled
QS 12-14 (Algo) Partner return on equity LO A1 Howe and Duley's company is organized as a parthership. At the prior year-end, parthership equity totaled $151,900($100,500 from Howe and $51,400 from Duley). For the current year, partnershlp net income is $25,700 ( $19,600 allocated to Howe and $6,100 allocated to Duley), and year-end total partnership equity is $201,700 ( $138,500 from Howe and $63,200 from Duley). Compute the total portnership return on equity and the individual parther feturn on equity ratios
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