$19.$ Using the following information, calculate the return $on$ assets.

Net income for November, $2024$

$$5,960$

Total assets, November $1,2024$

$60,000$

Total assets, November $30,2024$

$89,000$

Question content area bottom

Part $1$

Identify the formula and then solve for return $on$ assets $(ROA).(Round$ the ROA $to$ the nearest tenth percent, $X.X\%.)$

Net income

$$

Average total assets

$=$

ROA

$$5,960$

$$

$$74,500$

$=$