Alurve Appliance Service had net income for the year of $66,500. 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 for the year ending December 31, 2016. Net income 1 Average total assets ROA 66,500 = % Data Table Notes Payable Cash Office Furniture Building Accounts Payable Total Owner's Equity Accounts Receivable Jan. 1, 2016 Dec. 31, 2016 $ 42,000 $ 48,000 37,000 182,000 29,000 48,000 160,000 160,000 8,000 11,500 199,800 390,700 1,800 17.400 17,000 40,000 5,000 2,800 Equipment Office Supplies Print Done