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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
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: ellman Compan Year 2 Year 1 Total current assets Total investments Total property, plant, and equipment Total current liabilities Total long-term liabilities Preferred 9% stock, $100 par Common stock, $1o par Paid-in capital in excess of par-Common stock Retained earnings Using the balance sheets for Kellman Company, if assets for the year (rounded to two decimal places)? $617,300 $569,700 51,300 896,400 753,300 85,600 277,100 244,700o 90,600 69,700 101,300 90,600 534,700 34,700 61,700 61,700 518,000 357,000 net income is $113,400 and interest expense is $33,100 for Year 2, what is the return on total a. 5.4390 Ob. 7.1696 . 8.2S% Od 9.91% 11:02 PM
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