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Use this information for Kellman Company to answer the question that follow. The balance sheets at the end of each of the first two years

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Use this information for Kellman Company to answer the question that follow. 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 $604,500 $553,600 Total investments 66,100 54,800 Total property, plant, and equipment 935,100 687,300 Total current liabilities 100,300 56,900 Total long-term liabilities 312,000 233,100 Preferred 9% stock, $100 par 83,500 83,500 Common stock, $10 par 557,300 557,300 Paid-in capital in excess of par-Common stock 64,500 64,500 Retained earnings 488.100 270,400 Using the balance sheets for Kellman Company, if net income is $111,000 and interest expense is $35,000 for Year 2, what is the return on total assets for the year (rounded to two decimal places)? Ca. 53 Ob 10.06% Oc. 691 Od. 79

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