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Fellows and Marshall are partners in an accounting firm and share net income and loss...

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Accounting

Fellows and Marshall are partners in an accounting firm and share net income and loss equally. Fellows' beginning partnership capital balance for the current year is $185,000, and Marshall's beginning partnership capital balance for the current year is $260,000. The partnership had net income of $350,000 for the year. Fellows withdrew $80,000 during the year and Marshall withdrew $70,000. What is Marshall's return on equity?

67.3%

60.3%

78.7%

54.3%

56.0%

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