Calculate the return on assets (ROA) for Alpha Appliance Service the year ending December 31, 2018.

Alpha Appliance Service had net income for the year of $42,000. In addition, the balance sheet reports the following balances: (Click the icon to view the balances.) Calculate the return on assets (ROA) for Alpha Appliance Service the year ending December 31, 2018. Net income Average total assets ROA Data Table Notes Payable Cash Office Furniture Building Accounts Payable Total Stockholders' Equity Accounts Receivable Equipment Office Supplies Jan 1, 2018 Dec 31, 2018 48,000 $ 70,000 38,000 202.600 24,000 38,000 155.000 155,000 9,500 12,000 185,300 375 200 2,800 18.800 17,000 40,000 6,000 2,800 Print Done