Business, 12.08.2021 23:20 jeremytheprimerapper
Barber and Atkins are partners in an accounting firm and share net income and loss equally. Barber's beginning partnership capital balance for the current year is $213,000, and Atkins' beginning partnership capital balance for the current year is $237,000. The partnership had net income of $175,000 for the year. Barber withdrew $76,000 during the year and Atkins withdrew $60,000. What is Barber's return on equity?
a) 20.0%
b) 40.0%
c) 41.1%
d) 39.0%
e) 37.9%
Answers: 3
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