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 $600,000 $560,000 total investments 60,000 40,000 total property, plant, and equipment 900,000 700,000 total current liabilities 125,000 65,000 total long-term liabilities 350,000 250,000 preferred 9% stock, $100 par 100,000 100,000 common stock, $10 par 600,000 600,000 paid-in capital in excess of par—common stock 75,000 75,000 retained earnings 310,000 210,000 using the balance sheets for kellman company, if net income is $150,000 and interest expense is $20,000 for year 2, what is the return on total assets for the year? a.11.9% b.10.4% c.8.4% d.10.5%

a.11.9%

Explanation:

The formula to compute the net income is shown below:

Return on assets = (Net income + interest expense) ÷ (average total assets)

where,

Average total assets = (Year 2 current assets + Year 2 Total investments + Year 2 Total property, plant, and equipment) + (Year 1 current assets + Year 1 Total investments + Year 1 Total property, plant, and equipment) ÷ 2

= ($600,000 + $60,000 + $900,000) + ($560,000 + $40,000 + $700,000) ÷ 2

= $2,860,000 ÷ 2

= $1,430,000

And the other items values would remain the same

Now put these values to the above formula  

So, the ratio would equal to

= ($150,000 + $20,000) ÷ $(1,400,000)

= $170,000 ÷ $1,430,000

= 11.89%

sorry idk it

explanation:

answer: 11/12

step-by-step explanation: 4 1/4 and 3 1/3 is equivalent to 4 3/12 and 3 4/12. 4 3/12 - 3 4/12 =11/12