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	$620,188	$594,343
Total investments	69,160	48,709
Total property, plant, and equipment	914,682	728,737
Total current liabilities	103,867	88,125
Total long-term liabilities	298,675	249,536
Preferred 9% stock, $100 par	81,977	81,977
Common stock, $10 par	568,633	568,633
Paid-in capital in excess of par-common stock	66,510	66,510
Retained earnings	484,368	317,008

Using the balance sheets for Kellman Company, if net income is $103,341 and interest expense is $44,420 for Year 2, what is the return on total assets for the year (round percent to two decimal points)?

Select the correct answer.

9.24%

7.53%

6.44%

9.93%