Fellows and Marshall Are Partners in an Accounting Firm and Share

question 172

Multiple Choice

Fellows and Marshall are partners in an accounting firm and share net income and loss equally. Fellows' beginning partnership capital balance for the current year is $185,000, and Marshall's beginning partnership capital balance for the current year is $260,000. The partnership had net income of $350,000 for the year. Fellows withdrew $80,000 during the year and Marshall withdrew $70,000. What is Marshall's return on equity?

• A) 54.3%
• B) 56.0%
• C) 60.3%
• D) 78.7%
• E) 67.3%

---

Definitions:

Sexual Development

The process of physical and emotional changes that occur as a person becomes sexually mature, including puberty and the development of sexual orientation and identity.

Ernest Borneman

A controversial German jazz musician, writer, and sexologist known for his work in sexual behavior research.

Cutaneous Phase

A stage of certain diseases or conditions characterized by visible symptoms on the skin.

Masturbation

The sexual stimulation of one's own genitals for sexual arousal or pleasure, sometimes to the point of orgasm.