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1 Data Table Consider the following condensed financial statements of Secure Life, Inc. The company's target rate of return is 30% Click the icon to

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1 Data Table Consider the following condensed financial statements of Secure Life, Inc. The company's target rate of return is 30% Click the icon to view the comparative balance sheet.) Click the icon to view the income statement.) Read the requirements Data Table Requirements 2018 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 tumover 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. Secure Life, Inc. Income Statement For the Year Ended December 31, 2018 Net Sales Revenue 8,000,000 Cost of Goods Sold 4.700,000 Gross Profit 3,300,000 Operating Expenses 2.900.000 Operating Income 400.000 Other Income and (Expenses) Interest Expense (32.000) Income Before Income Tax Expense 368,000 Income Tax Expense 128.800 Net Income 239,200 Secure Life, Inc. Comparative Balance Sheet As of December 31, 2018 and 2017 2017 Assets Cash 74,000 $ 62,000 Accounts Receivable 50.200 27,800 Supplies 800 200 Property, Plant, and Equipment, not 302.000 210,000 Patents, net 155,000 109.000 Total Assets $ 591,000 $ 409,000 Llabilities and Stockholders' Equity Accounts Payable $ 27,000 $ 29,000 Short-term Notes Payable 146,000 52,000 Long-term Notos Payable 194,000 124,500 Common Stock, no Par 202.000 192,000 Retained Earnings 22.000 11,500 Total Liabilities and Stockholders' Equity $ 591,000 $ 409,000 Print Done Print Done

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