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

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

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

Correct Answer:

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