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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