Question: I need help figuring out this section. Please show ALL work clearly for the three questions. Total current assets Total investments Total current liabilities Total
Total current assets Total investments Total current liabilities Total long-term liabilities Preferred 9% stock, $100 par Common stock, $10 par Paid-in capital in excess of par-Common stock $600,000 60,000 900,000 125,000 350,000 100,000 600,000 75,000 40,000 700,000 65,000 250,000 100,000 600,000 Retained earnings 75,000 210,000 310,000 16A. Using the balance sheets for Kel $20,000 for Year 2, what is the return on total assets for the year Iman Company, if net income is $150,000 and interest expense is a. 10.4% b. 11.9% C. 10.5% d. 8.4% 6B. Using the balance sheets for Kellman Company, if net income is $1 50,000 and interest expense is $20,000 for Year 2, what is the return on stockholders' equity for Year 2? a. 6.9% b. 14.5% c. 16.04% d. 13.8% 16C. Using the balance sheets for Kellman Company, if net income is $250,000 and interest expense is $30,000 for Year 2, what are the earnings per share on common stock for Year 2? a. $4.16 b $4.32 c. $4.02 d. $2.49
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