Excerpts from Hulkster Company's December 31, 2024 and 2023 , financial statements are presented below: Hulkster's 2024 return on assets is closest to: Multiple Choice 12.3% 10.7% 20.0% 57.3% False Value Hardware began 2024 with a credit balance of $32,600 in the refund liability account. Sales and cash collections from customers during the year were $640,000 and $600,000, respectively. False Value estimates that 6% of all sales will be returned. During 2024 , customers returned merchandise for credit of $23,000 to their accounts. What is the balance in the refund llability account at the end of 2024? Multiple Choice $48,000 $61,400 $9,600 $38,400