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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 2 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 2 years of operations indicate the following Kellman Company Year 2 Year 1 Total current assets 5612,500 $561,000 Total investments 69,700 40,000 Total property, plant, and equipment 395,500 697,200 Total current liabilities 112,100 38,600 Total long-term liabilities 316,300 237.100 Preferred stock, 5100 par 12,200 82,200 Common stock, 510 par 518,600 518,600 Pald-in capital in excess of por-Common stock 67,400 67,400 481,100 311,300 Retained earnings Using the balance sheets for Kellman Company, net income is $106,500 and interest expensei 538,600 for Year 2. what is the return on tus for the year (rounded to two decimal places)? Oborn Ocies Previous Next >

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