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Kellman Company Year 2 Year 1 Total current assets $614,031 $561,031 Total investments 65,913 41,973 Total property, plant, and equipment 863,933 786,774 Total current liabilities

Kellman Company
Year 2 Year 1
Total current assets $614,031 $561,031
Total investments 65,913 41,973
Total property, plant, and equipment 863,933 786,774
Total current liabilities 101,404 81,163
Total long-term liabilities 319,297 226,426
Preferred 9% stock, $100 par 91,321 91,321
Common stock, $10 par 570,646 570,646
Paid-in capital in excess of par-common stock 64,639 64,639
Retained earnings 396,570 355,583

Using the balance sheets for Kellman Company, if net income is $104,461 and interest expense is $41,009 for Year 2, what is the return on total assets for the year (round percent to two decimal points)?

a.7.52%

b.9.47%

c.6.77%

d.9.92%

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