Question

Data Table Jan 1, 2018 Dec 31, 2018

Notes Payable $ 46,000 $ 71,000 Cash 39,000 81,400 Office Furniture 21,000 54,000 Building 180,000 180,000 Accounts Payable 8,500 13,000 Total Stockholders' Equity 211,700 289,800 Accounts Receivable 2,800 17,800 Equipment 19,000 38,000 Office Supplies 4,400 2,600

Calculate the return on assets (ROA) for Alec Appliance Service the year ending December 31, 2018.

Answer 1

PLEASE LIKE THE ANSWER