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Alurve Appliance Service had net income for the year of $39,000. In addition, the balance sheet reports the following balances: (Click the icon to
Alurve Appliance Service had net income for the year of $39,000. In addition, the balance sheet reports the following balances: (Click the icon to view the balances.) Calculate the return on assets (ROA) for Alurve Appliance Service the year ending December 31, 2018. Net income 241,800 + Average total assets = ROA 358,200 ts (H Data table Jan 1, 2018 Dec 31, 2018 Notes Payable $ 42,000 $ 65,000 Cash 35,000 104,200 Office Furniture 29,000 52,000 Building 145,000 145,000 Accounts Payable 9,500 13,000 Total Stockholders' Equity 190,300 280,200 Accounts Receivable 3,400 18,200 Equipment Office Supplies 25,000 38,000 4,400 800 Print Done -
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