Alurve Appliance Service had net income for the year of $43,500. 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 = ROA % Average total assets Average total equity Average total liabilities Net income Total assets Total equity Total liabilities Alurve Appliance Service had net income for the year of $43,500. 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. ROA 1 % Data Table Average total assets Average total equity Average total liabilities Net income Total assets Total equity Total liabilities Notes Payable Cash Office Furniture Building Accounts Payable Total Owner's Equity Accounts Receivable Equipment Office Supplies Jan 1, 2018 Dec 31, 2018 $ 36,000 $ 60,000 33,000 105,800 27,000 36,000 145,000 145,000 12,500 8,500 178,700 284,300 1.800 17,800 16,000 46,000 4,400 2,200 Print Done