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Alurve Appliance Service had net income for the year of $30,400. In addition, the balance sheet reports the following balances: (Click the icon to view the balances.) Calculate the return on assets for Alurve Appliance Service for the year ending December 31, 2018. Total assets ROA %

Alurve Appliance Service had net income for the year of $30,400. In addition, the balance sheet reports the following balances: (Click the icon to view the balances.) Calculate the return on assets for Alurve Appliance Service for the year ending December 31, 2018. Total assets ROA %

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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i Data Table Notes Payable Cash Office Furniture Building Accounts Payable Total Owner's Equity Accounts Receivable Equipment Office Supplies Print $ Jan 1, 2018 30,000 $ 40,000 30,000 145,000 9,000 209,800 3,200 25,000 5,600 Done - X Dec 31, 2018 60,000 254,200 46,000 145,000 10,500 440,700 17,400 48,000 600
Transcribed Image Text:i Data Table Notes Payable Cash Office Furniture Building Accounts Payable Total Owner's Equity Accounts Receivable Equipment Office Supplies Print $ Jan 1, 2018 30,000 $ 40,000 30,000 145,000 9,000 209,800 3,200 25,000 5,600 Done - X Dec 31, 2018 60,000 254,200 46,000 145,000 10,500 440,700 17,400 48,000 600
Alurve Appliance Service had net income for the year of $30,400. In addition, the balance sheet reports the following balances: (Click the icon to view the balances.) Calculate the return on assets for Alurve Appliance Service for the year ending December 31, 2018. Total assets = ROA %
Transcribed Image Text:Alurve Appliance Service had net income for the year of $30,400. In addition, the balance sheet reports the following balances: (Click the icon to view the balances.) Calculate the return on assets for Alurve Appliance Service for the year ending December 31, 2018. Total assets = ROA %
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