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

question 97

Multiple Choice

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