Questions -
1. L & S have invested $80,000 and $100,000 in a partnership. L's beginning capital investment is $80,000 and S initial capital investment is $100,000. Their ending capital balances were $85,000 and $105,000 respectively. L's share of net income was $6,000. What is L partners return on equity?
7%
8
10
9
2. L & S have invested $80,000 and $100,000 in a partnership. L's beginning capital investment is $80,000 and S initial capital investment is $100,000. Their ending capital balances were $85,000 and $105,000 respectively. L's share of net income was $6,000 . What is L partners return on equity?
25000
35000
45000
125000