Rugged Sports Enterprises LP is organized as a limited partnership consisting of two individual partners: Hockey LP and Football LP. Hockey LP $ 339,000 35,850 Football LP $ 1,389,900 734,925 (150,000) $ 374,850 $ 1,974,825 Beginning-year capital balance Annual net income Cash distribution Ending-year capital balance Compute partner return on equity for each LPand the total) for the year using the above data from Rugged Sports Enterprises LP. Complete this question by entering your answers in the tabs below. Total $ 1,728,900 770,775 (150,000) $ 2,349,675 Return on Partner Return Equity on Equity Compute partner return on equity for the year using the above data from Rugged Sports Enterprises LP. Return on Equity Choose Numerator: Choose Denominator: Rugged Sports Enterprises LP 1 1 Return On Equity Return On Equity

Rugged Sports Enterprises LP is organized as a limited partnership consisting of two individual partners: Hockey LP and Football LP. Hockey LP $ 339,000 35,850 Football LP $ 1,389,900 734,925 (150,000) $ 374,850 $ 1,974,825 Beginning-year capital balance Annual net income Cash distribution Ending-year capital balance Compute partner return on equity for each LPand the total) for the year using the above data from Rugged Sports Enterprises LP. Complete this question by entering your answers in the tabs below. Total $ 1,728,900 770,775 (150,000) $ 2,349,675 Return on Partner Return Equity on Equity Compute partner return on equity for the year using the above data from Rugged Sports Enterprises LP. Return on Equity Choose Numerator: Choose Denominator: Rugged Sports Enterprises LP 1 1 Return On Equity Return On Equity

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Rugged Sports Enterprises LP is organized as a limited partnership consisting of two individual partners: Hockey LP and Football LP.
Hockey LP
$ 339,000
35,850
Football LP
$ 1,389,900
734,925
(150,000)
$ 374,850
$ 1,974,825
Beginning-year capital balance
Annual net income
Cash distribution
Ending-year capital balance
Compute partner return on equity for each LPand the total) for the year using the above data from Rugged Sports Enterprises LP.
Complete this question by entering your answers in the tabs below.
Return on
Partner Return
Equity
on Equity
Compute partner return on equity for the year using the above data from Rugged Sports Enterprises LP.
Return on Equity.
Rugged Sports Enterprises LP
Choose Numerator:
/ Choose Denominator:
1
1
Total
$ 1,728,900
770,775
(150,000)
$ 2,349,675
=
=
Return On Equity
Equity
Return On

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