Calculate the return on assets for Allyson Appliance Service

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Question: Calculating return on assets (ROA)

Allyson Appliance Service had net income for the year of $40,000. In addition, the balance sheet reports the following balances:

Calculate the return on assets (ROA) for Allyson Appliance Service the year ending December 31, 2016.

Reference no: EM131814745

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