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Rugged Sports Enterprises LP is organized as a limited partnership consisting of two individual partners: Hockey LP and Football LP.
| | Hockey LP | | Football LP | | Total | |
| Beginning-year balance | $ | 361,000 | | $ | 1,480,100 | | | $ | 1,841,100 | | |
| Annual net income | | 44,211 | | | 906,326 | | | | 950,537 | | |
| Cash distribution | | | | | (65,000 | ) | | | (65,000 | ) | |
| Ending-year balance | $ | 405,211 | | $ | 2,321,426 | | | $ | 2,726,637 | | |
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Compute partner return on equity for each limited partnership (and the total) for the year using the above data from Rugged Sports Enterprises LP.
- Return on Equity
- Partner Return on Equity
Compute partner return on equity for the year using the above data from Rugged Sports Enterprises LP.
Part A Return on Equity
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| | | 0 | | | Choose Numerator: | / | Choose Denominator: | = | Return On Equity | | | | / | | = | Return On Equity | | Rugged Sports Compute partner return on equity for each limited partnership (and the total) for the year using the above data from Rugged Sports Enterprises LP. | | | | | Partner Return on Equity | | Partners | Choose Numerator: | / | Choose Denominator: | = | Partner Return On Equity | | | | / | | = | Partner Return On Equity | | Hockey LP | | / | | = | 0 | | Football LP | | / | | = | 0 | | Enterprises LP | | / | | = | | |
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