Alton Appliance Service had net income for the year of $56,000. In addition, the balance sheet reports the following balances (Click the icon to view the balances.) Calculate the return on assets (ROA) for Alton Appliance Service the year ending December 31, 2024 Net income 56000 Average total assets M ROA Help me solve this Etext pages Get more hote Data table Jan. 1, 2024 Dec. 31, 2024 Notes Payable $ 38,000 $ 50,000 Cash 38,000 300,200 Office Furniture 27,000 52,000 Building 150,000 150,000 Accounts Payable 12.000 8,500 Total Stockholders' Equity 192,200 499.300 Accounts Receivable 2,400 17,000 Equipment 21,000 36,000 Office Supplies 3,800 2,600 Print Done