Go ahead and identify which of appliances accounts

Cash, receivables, merchandise inventory, furniture, and land are examples of assets. Go ahead and identify which of
Appliance's accounts are assets. (Complete all answer boxes.)
Is the account
an asset?
In order to calculate average total assets for the period, we must first calculate total assets at the beginning and at the end of
the period. Now that we have identified which accounts are assets, we can calculate the totals using the information given in the
question.
Jan. 1, 2018 Dec. 31, 2018
Cash 33,000 256,000
Office Furniture 24,000 52,000
Building 170,000 170,000
Accounts Receivable 1,200 17,400
Equipment 21,000 48,000
Office Supplies 4,600 2,800
Total assets
253,800 $ 546,200 $
Complete the formula below to calculate Appliance Service's ROA for the year. Be sure to calculate average total assets
using the totals you computed in the preceding step.