Micha Mchame e propri fa ppe gtcopAe c dPe Coe The b haah d valued a S00.000 and hp nal h bla ndly tepr or he t The chespe e ev p Michafs penl ts aet Ateeeh The Apatment Eachange records tuntu at cot f S The Aparment Exchange rports ancal atome U des Mhalpes the Apa cn Sbalanche ket val ofS13.000 oreseable u a Michaefs personal a atcorded an the company's balance et The company re market vkof $3000 i cost of The company recds andal sa sRUSds 4. Michal epects he company omain in peres for the forete Matured Water Services had net income for the month of October of $50,880 Assets as of the beginning and end of the month totaled $362.000, and $406,000, respectively Calculate Matured Water Services' ROA for the month of October ROA Michael McNamee is the proprietor of a property management company, Apartment Exchange, near the campus of Penscola State College. The business has cash of $8,000 and furniture that cost $9,000 and has a market value of $13,000. The business debts include accounts payable of $6,000. Michaels personal home is valued at $400,000, and his personal bank account has a balance of $1,200, Identify the principle or assumption that best matches the situation a. Michael's personal assets are not recorded on the Apartment Exchange's balance sheet b. The Apartment Exchange records furniture at its cost of $9,000, not its market value of $13,000. c. The Apartment Exchange reports its financial statements in U.S. dollars. d. Michael expects the Apartment Exchange to remain in operations for the foreseeable future. a. Michael's personal assets are not recorded on the company's balance sheet b. The company records furniture at its cost of $9,000, not its market value of $13,000: c. The company records its financial statements in U.S. dollars d. Michael expects the company to remain in operations for the foreseeable future: Matured Water Services had net income for the month of October of $50,880. Assets as of the beginning and end of the month totaled $362,000, and $486,000, respectively. Calculate Matured Water Services' ROA for the month of October. ROA