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Alma Appliance Service had net income for the year of $49,400. In addition, the balance sheet reports the following balances EEB (Click the icon to
Alma Appliance Service had net income for the year of $49,400. In addition, the balance sheet reports the following balances EEB (Click the icon to view the balances.) Calculate the return on assets (ROA) for Alma Appliance Service the year ending December 31, 2018 Data Table Net income Average total assets - ROA Jan 1, 2018 Dec 31, 2018 Notes Payable 34,000 $ 71,000 Cash 38,000 32,600 Office Furniture 27,000 55,000 Building 140,000 140,000 Accounts Payable 12,500 9,000 188,700 204,800 Total Stockholders' Equity Accounts Receivable 3,400 17,400 Equipment 21,000 38,000 Office Supplies 5,800 1,800 Choose from any list or enter any number in the input fields and then click Ch Print Done
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