Question: Question Content Area The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Line Item

Question Content Area
The balance sheets at the end of each of the first two years of operations indicate the following:
Kellman Company
Line Item Description Year 2 Year 1
Total current assets $616,100 $559,600
Total investments 62,70046,600
Total property, plant, and equipment 937,200738,200
Total current liabilities 108,60087,400
Total long-term liabilities 293,600228,200
Preferred 9% stock, $100 par 83,30083,300
Common stock, $10 par 598,000598,000
Paid-in capital in excess of par-common stock 67,90067,900
Retained earnings 464,600279,600
Using the balance sheets for Kellman Company, if net income is $110,200 and interest expense is $36,600 for Year 2, what is the return on common stockholders' equity for Year 2(round percent to two decimal points)?
a.9.75%
b.10.62%
c.12.21%
d.11.66%

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