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 Kellman Company Year 2 Year 1 Total current assets $604,000 $573,800 Total investments 66,200 52,200 Total property, plant, and equipment 884,000 634,000 Total current liabilities 118.400 87,100 Total long-term liabilities 279,900 226,700 Preferred 9 stock, $100 par 36,400 36,400 Common stock, $10 par 557,900 557,900 Pald.in capital in excess of par-Common stock 65,200 65,200 Retained earnings 447,200 286,700 Using the balance sheets for Kellman Company, If net income is $104,200 and interest expense is $37,200 for Year 2, what is the return on stockholders' equity for Year 2 (rounded to two decimal places)? Oa 10.00% Ob. 90% OC 954% Od 9.80%

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