Alton Appliance Service had net income for the year of $32,500. In addition, the balance sheet...

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Alton Appliance Service had net income for the year of $32,500. In addition, the balance sheet reports the following balances: (Click the icon to view the balances.) Calculate the return on assets (ROA) for Alton Appliance Service the year ending December 31, 2024. + + + = ROA % Data table Jan. 1, 2024 Dec. 31, 2024 Notes Payable $ 40,000 $ 52,000 Cash 30,000 21,100 Office Furniture 26,000 42,000 Building 140,000 140,000 Accounts Payable 10,000 8,000 Total Stockholders' Equity 170,100 219,900 Accounts Receivable 1,500 18,800 Equipment 17,000 55,000 Office Supplies 5,600 3,000 Print Done Cancel Alton Appliance Service had net income for the year of $32,500. In addition, the balance sheet reports the following balances: (Click the icon to view the balances.) Calculate the return on assets (ROA) for Alton Appliance Service the year ending December 31, 2024. + + + = ROA % Data table Jan. 1, 2024 Dec. 31, 2024 Notes Payable $ 40,000 $ 52,000 Cash 30,000 21,100 Office Furniture 26,000 42,000 Building 140,000 140,000 Accounts Payable 10,000 8,000 Total Stockholders' Equity 170,100 219,900 Accounts Receivable 1,500 18,800 Equipment 17,000 55,000 Office Supplies 5,600 3,000 Print Done Cancel