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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 $627,600 62,500 Total investments $593,500 53,800 783,200 942,400 80,500 Total property, plant, and equipment Total current liabilities Total long-term liabilities Preferred 9% stock, $100 par 112,200 291,200 244,800 95,700 Common stock, $10 par 95,700 566,300 61,100 506,000 Paid-in capital in excess of par-Common stock Retained earnings 566,300 61,100 382,100 Using the balance sheets for Kellman Company, if net income is $102,600 and interest expense is $34,800 for Year 2, what is the return on stockholders' equity for Year 2 (rounded to two decimal places)? a. 9.24% b. 8.59% O c. 8.79% Od. 8.94%

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