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	$606,264	$559,290
Total investments	60,342	46,362
Total property, plant, and equipment	869,015	789,934
Total current liabilities	117,386	88,599
Total long-term liabilities	286,887	244,897
Preferred 9% stock, $100 par	98,221	98,221
Common stock, $10 par	527,686	527,686
Paid-in capital in excess of par-common stock	66,471	66,471
Retained earnings	438,970	369,712

Using the balance sheets for Kellman Company, if net income is $118,452 and interest expense is $43,144 for Year 2, what is the return on total assets for the year (round percent to two decimal points)?

Select the correct answer.

A) 7.71%

B) 11.03%

C) 8.49%

D) 10.80%