Carter Pearson Is a Partner in Event Promoters

Multiple Choice

Carter Pearson is a partner in Event Promoters.His beginning partnership capital balance for the current year is $55,000,and his ending partnership capital balance for the current year is $62,000.His share of this year's partnership income was $6,250.What is his partner return on equity?

A) 5.34%
B) 8.93%
C) 10.08%
D) 11.36%
E) 10.68%