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The balance sheets at the end of each of the first two years of operations indicate the following: Using the balance sheets for Kellman Company,
The balance sheets at the end of each of the first two years of operations indicate the following: Using the balance sheets for Kellman Company, if net income is $100,100 and interest expense is $43,100 for Year 2, what is the return on stockholders' equity for Year 2 (round percent to two decimal points)? a. 9.88% b. 10.89% c. 10.36% d. 9.41%
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