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The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company. Year 2 Year 1 $621,538

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The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company. Year 2 Year 1 $621,538 $557,442 Total current assets 62,601 41,896 Total investments 938,802 663,015 Total property, plant, and equipment 117,782 88,654 Total current liabilities 311,447 235,661 Total long-term liabilities 97,551 97,551 Preferred 9% stock, $100 par 536,456 536,456 Common stock, $10 par 60,433 60,433 Paid-in capital in excess of par-common stock 499,272 243,598 Retained earnings Using the balance sheets for Kellman Company, if net income is $112,039 and interest expense is $43,438 for Year 2, what is the return on total assets for the year round percent to two decimal points)? Select the correct answer. 8.88% 10.51% 10.78% 6.90% 12:07 AM

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