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

Kellman Company
	Year 2	Year 1
Total current assets	$625,706	$564,635
Total investments	68,368	43,498
Total property, plant, and equipment	909,452	607,802
Total current liabilities	100,209	81,964
Total long-term liabilities	278,029	247,764
Preferred 9% stock, $100 par	94,356	94,356
Common stock, $10 par	537,586	537,586
Paid-in capital in excess of par-common stock	62,529	62,529
Retained earnings	530,817	191,736

Using the balance sheets for Kellman Company, if net income is $101,907 and interest expense is $35,966 for Year 2, what is the return on total assets for the year (round percent to two decimal points)?

Select the correct answer.

9.65%

8.38%

6.36%

9.78%