Use this information for Kellman Company to answer the question that follows. The balance sheets...
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Accounting
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 $103,800 and interest expense is $41,400 for Year 2 , what is the return on stockholders' equity for Year 2 (rounded to two decimal places)? a. 10.15% b. 951% c. 9.71% d. 9.92%
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