Use the information below for Harding Company to answer the question that follow.

Harding Company
Accounts payable	$33,032
Accounts receivable	70,950
Accrued liabilities	6,712
Cash	19,849
Intangible assets	43,338
Inventory	71,215
Long-term investments	118,990
Long-term liabilities	70,026
Marketable securities	35,945
Notes payable (short-term)	29,279
Property, plant, and equipment	653,742
Prepaid expenses	2,164

Based on the data for Harding Company, what is the amount of working capital?

a.$651,578

b.$131,100

c.$1,016,193

d.$200,123

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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
Total current assets	$616,700	$556,400
Total investments	70,000	50,100
Total property, plant, and equipment	927,300	633,000
Total current liabilities	106,600	89,800
Total long-term liabilities	297,000	247,000
Preferred 9% stock, $100 par	84,800	84,800
Common stock, $10 par	566,100	566,100
Paid-in capital in excess of parCommon stock	68,300	68,300
Retained earnings	491,200	183,500

Using the balance sheets for Kellman Company, if net income is $105,800 and interest expense is $33,300 for Year 2, what is the return on stockholders' equity for Year 2 (rounded to two decimal places)?

a.10.01%

b.10.44%

c.9.89%

d.10.14%