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for Kellman Company to answer the questions that ol balance sheets at the end of each of the first two years of operations indicate the

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for Kellman Company to answer the questions that ol balance sheets at the end of each of the first two years of operations indicate the lleing Total current assets Total investments Total property, plant, and equipment Total current liabilities Total long-term liabilities Preferred 9% stock, $100 par Common stock, $10 par Paid-in capital in excess of par-Common stock Retained earnings $560 000 60,000 125,000 350,000 100,000 600,000 75,000 310,000 40,000 700,000 65,000 250,000 100,000 600,000 75,000 210,000 16A. Using the balance sheets for Kellman Company, if net income is $1 50,000 and interest expensei $20,000 for Year 2, what is the return on total assets for the year? a. 10.4% b. 11.9% C. 10.5% d. 8.4% 16B, Using the balance sheets for Kellman Company, if net income is $150,000 and interest espense is $20,000 for Year 2, what is the return on stockholders' equity for Year 2? a. 6.9% b. 14.5% c. 16.04% d. 13.8% 16C. Using the balance sheets for Kellman Company, if net income is $250,000 and interest expense is $30,000 for Year 2, what are the earnings per share on common stock for Year 22 a. $4.16 b. $4.32 c. $4.02 d. $2.49 17The numerator of the return on common stockholders' equity is a. net income b. net income minus preferred dividends c. income before income tax d. operating income minus interest expense

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