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Alurve Appliance Service had net income for the year of $30,400. In addition, the balance sheet reports the following balances: (Click the icon to view
Alurve Appliance Service had net income for the year of $30,400. In addition, the balance sheet reports the following balances: (Click the icon to view the balances.) Calculate the return on assets for Alurve Appliance Service for the year ending December 31, 2018 Total assets ROA % i Data Table Notes Payable Cash Office Furniture Building Accounts Payable Total Owner's Equity Accounts Receivable Equipment Office Supplies Jan 1, 2018 Dec 31, 2018 $ 30,000 $ 60,000 40,000 254,200 30,000 46,000 145,000 145,000 9,000 10,500 209,800 440,700 3,200 17,400 25,000 48,000 5,600 600 Print Done
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