The Following Information Is Available Regarding Grace Smit's Capital Account

question 17

Multiple Choice

The following information is available regarding Grace Smit's capital account in Enterprise Consulting Group, a general partnership, for a recent year: $\begin{array}{ll}\text { Beginning of the ye ar balance } & \$ 22,000 \\\text { Share of partnership income } & \$ 8,500 \\\text { Withdrawals made during the year } & \$ 6,000\end{array}$ What is Smit's partner return on equity during the year in question?

• A)34.7%
• B)55.7%
• C)10.8%
• D)36.6%
• E)11.4%

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