The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Year

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The Balance Sheets At The End Of Each Of The First Two Years Of Operations Indicate The Following Kellman Company Year 1 (31.74 KiB) Viewed 9 times

The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Year 1 $572,076 43,229 773,468 80,605 231,460 Preferred 9% stock, $100 par 82,670 Common stock, $10 par 587,269 Paid-in capital in excess of par-common stock 62,426 344,143 Retained earnings Using the balance sheets for Kellman Company, if net income is $118,784 and interest expense is $44,252 for Year 2, what is the return on total assets for the year (round percent to two decimal points)? Select the correct answer. O 855 % 7.55% Ⓒ10.55% Ⓒ1101% Total current assets Total investments Year 2 $605,400 65,116 Total property, plant, and equipment Total current liabilities Total long-term liabilities 902,318 117,689 279,904 82,670 567,269 62,426 443,676 Prestour