KService had het income for the year of $28,000. In addition, the balance sheet reports thefollowing balances:(Click the icon to view the balances.)Calculate the return on assets for Alexia Appliance Service for the year ending December 31, 2024.Etext pagesData tableNotes PayableCashOffice FurnitureBuildingAccounts PayableTotal Owner's EquityAccounts ReceivableEquipmentOffice SuppliesPrintGet more help.+$Jan 1, 202440,000 $30,00024,000180,00013,500214,1003,40025,0005,200Done=Dec 31, 202460,000142,20050,000180,00013,000359,40019,40040,000800ROAX%Clear allCheck answ

Solution Calculated the Return on Assets Ratio of Alexia Applance Service Return on Assets Ratio…

Answered: Calculate the return on assets for…

Business

Accounting

Calculate the return on assets for Alexia Appliance Service for the year ending December 31, 2024.

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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