Question: Data table Jan 1, 2024 Dec 31, 2024 Notes Payable 44,000 $ 60,000 Cash 32,000 173,400 Office Furniture 20,000 40,000 Building 155,000 155,000 Accounts Payable

Data table Jan 1, 2024 Dec 31, 2024 Notes Payable 44,000 $ 60,000 Cash 32,000 173,400 Office Furniture 20,000 40,000 Building 155,000 155,000 Accounts Payable 8.000 9,000 Total Owner's Equity 187,000 372,000 Accounts Receivable 2.600 19.400 Equipment 25,000 52,000 Office Supplies 4.400 1,200Alec Appliance Service had net income for the year of $30,600. In addition. the balance sheet reports the following balances: (Click the icon to irieir.r the balances} Calculate the return on assets for Alec Appliance Service for the year ending December 31, 2024

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