The following information is available regarding Grace Smit's capital account in Enterprise Consulting Group, a general partnership, for a recent year:Â Beginning of the year balance$30,000?Share of partnership income$10,500?Withdrawals made during the year$6800?What is Smit's partner return on equity during the year in question?
A. 12.3%
B. 33.0%
C. 31.2%
D. 51.3%
E. 11.6%
Answer: B
Business
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