Feldt Is a Partner in Feldt & Dodson Company

True/False

Feldt is a partner in Feldt & Dodson Company. Feldt's share of the partnership income is $18,600 and her average partnership equity is $155,000. Her partner return on equity equals 8.33.
Partner Return on Equity = Partnership Income/Average Partnership Equity
Partner Return on Equity = $18,600/$155,000 = 0.12 = 12%