Question: what is the return on total assets for the year? The balance sheets at the end of each of the first two years of operations

 what is the return on total assets for the year? The

what is the return on total assets for the year?

The balance sheets at the end of each of the first two years of operations indicate the following Kellman Company Year 2 Year 1 Total current assets $616,321 $569,832 Total investments 69,809 53,604 Total property, plant, and equipment 905,976 792.431 Total current liabilities 106,603 87 011 Total long-term liabilities 317,098 243,934 Preferred 9% stock, $100 par 93,197 93,197 Common stock, $10 par 574,940 574.940 Paid-in capital in excess of par-common stock 68,912 68,912 Retained earnings 431 356 347,073 Using the balance sheets for Kellman Company, if net income is $111,876 and interest expense is $36.179 for Year 2, what is the return on total assets for the year (round percent to two decimal points) ? O a. 7.9196 Ob. 7.03% O c. 9.9398 O d. 9.85%

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