The bаlаnce sheets аt the end оf each оf the first twо years of operations indicate the following: Kellman Company Year 2 Year 1 Total current assets $616,669 $579,794 Total investments 63,792 46,986 Total property, plant, and equipment 909,794 614,515 Total current liabilities 108,711 85,130 Total long-term liabilities 323,415 240,699 Preferred 9% stock, $100 par 95,913 95,913 Common stock, $10 par 595,194 595,194 Paid-in capital in excess of par-common stock 63,384 63,384 Retained earnings 403,638 160,975 Using the balance sheets for Kellman Company, if net income is $114,130 and interest expense is $34,650 for Year 2, what is the return on total assets for the year (round percent to two decimal points)?
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