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Use this information for Kellman Company to answer the question that follow. The balance sheets...

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Accounting

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Use this information for Kellman Company to answer the question that follow. 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 Total investments Total property, plant, and equipment Total current liabilities Total long-term liabilities Preferred 996 stock, $100 par Common stock, $10 par Paid-in capital in excess of par-Common stock Retained earnings Using the balance sheets for Kellman Company, if net income is $102,000 and interest expense is $35,700 for Year 2, what is the return on stockholders equity for Year 2 (rounded to two decimal places)? $609,400 $587,800 46,900 739,800 88,200 277,800 225,400 83,700 552,200 552,200 64,100 478,200 360,900 61,300 902,900 117,600 83,700 64,100 a. 8.91% @b. 9.35% c. 9.50% @d. 9.1 1%

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