Question: Use this information for Kellman Company to answer the question that follows. The balance sheets at the end of each of the first 2 years

Use this information for Kellman Company to answer the question that

Use this information for Kellman Company to answer the question that follows. The balance sheets at the end of each of the first 2 years of operations indicate the following: Using the balance sheets for Kellman Company, if net income is $113,200 and interest expense is $40,400 for Year 2, what is the return on stockholders' equity for Year 2 (rounded to two decimal places)? a. 9.84% b. 9.98% c. 9.71% d. 10.20%

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