The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Total current assets Total investments Total property, plant, and equipment Total current liabilities Total long-term liabilities Preferred 9% stock, $100 par Common stock, $10 par Paid-in capital in excess of par-common stock Retained earnings Year 2 Year 1 $605,400 $572,076 65,116 43,229 902,318 773,468 117,689 80,805 279,904 231,460 82,670 82,670 587,269 587,269 62,426 443,676 62,426 344,143 Using the balance sheets for Kellman Company, if net income is $118,784 and interest expense is $44,252 for Year 2, what is the return on total assets for the year (round percent to two decimal points)? Select the correct answer. O855% O7.55% 10.55% 1101% Previous