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I need help figuring out this section. Please show ALL work clearly for the three questions. Total current assets Total investments Total current liabilities Total
I need help figuring out this section. Please show ALL work clearly for the three questions.
Total current assets Total investments 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 $600,000 60,000 900,000 125,000 350,000 100,000 600,000 75,000 40,000 700,000 65,000 250,000 100,000 600,000 Retained earnings 75,000 210,000 310,000 16A. Using the balance sheets for Kel $20,000 for Year 2, what is the return on total assets for the year Iman Company, if net income is $150,000 and interest expense is a. 10.4% b. 11.9% C. 10.5% d. 8.4% 6B. Using the balance sheets for Kellman Company, if net income is $1 50,000 and interest expense 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 2? a. $4.16 b $4.32 c. $4.02 d. $2.49 Step by Step Solution
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