1. Calculate the? company's ROI. Round all of your answers to four decimal places.

2. Calculate the? company's profit margin ratio. Interpret your results.

3. Calculate the? company's asset turnover ratio. Interpret your results.

4. Use the expanded ROI formula to confirm your results from Requirement 1. Interpret your results.

5. Calculate the? company's RI. Interpret your results.

consider the following condensed financial statements of Life Long, Inc The company's target rate of return is 20% ?(Click the icon to view the comparative balance sheet ? Click the icon to view the income statement.) Read the equirements Requirement 1. Calculate the company's ROl. Round all of your answers to four decimal places. Be n by selecting the to mula o calculate return on investment Rol and then enter the amounts to ca culate the company's R 1 Round your calcula ons to four deci al pla es and enter your final to the nearest hundredth of a percent, X XX% i Data Table Data Table Lite Long, Inc. Comparative Balance Sheet As of December 31, 2018 and 2017 Life Long, Inc Income Statement For the Year Ended December 31, 2018 2017 $ 10,000,000 5,900,000 4,100,000 3,800,000 300,000 2018 Net Sales Revenue Cost of Goods Sold Gross Pront Operating Expenses Operating Income Other Income and (Expenses). Assets Cash Accounts Recevable Supplies Property, Plant, and Equipment, net Patents, net Total Assets $ 82,000$71,000 27,500 500 299,000 197,000 158,000 103,000 S 601,000 $ 399,000 61,600 400 Interest Expense Income Before Income Tax Expense Income Tax Expense Net Income 40,000) 260,000 91,000 $ 169,000 Liabilities and Stockholders Equity Accounts Payable Short-term Notes Payable Long-term Notes Payable Common Stock, no Par Retained Earnings Tolal Liabilities and Stockholders' Equity S 31,000 $ 33,000 49,000 199,000 29,000 201,000 168,500 19,500 S 601,000 $399,000 149,000 Print Done 21,000 hoose from any lis 10% Print Done Clear All