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 $285,000,and Atkins' beginning partnership capital balance for the current year is $370,000.The partnership had net income of $250,000 for the year.Barber withdrew $90,000 during the year and Atkins withdrew $100,000.What is Atkins's return on equity?
A) 41.3%
B) 43.9%
C) 32.7%
D) 33.8%
E) 36.5%
Correct Answer:
Verified
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