3 of 4 (0 complete) i Data Table - X As of December 31, 2016 and 2015 2016 2015 a S. Irr (Ra Assets Cash 76,000 $ 62,000 Accounts Receivable 61,400 26,800 Supplies 600 200 Property, Plant, and Equipment, net 305,000 204,000 Patents, net 163,000 101,000 Total Assets $ 606,000 $ 394,000 Liabilities and Stockholders' Equity Accounts Payable $ 29,000 $ 31,000 Short-term Notes Payable 148,000 52,000 Long-term Notes Payable 196,000 126,500 Common Stock, no Par 205,500 169,000 Retained Earnings 27,500 15,500 Total Liabilities and Stockholders' Equity $ 606,000 $ 394,000 Print Done Ch atements of Secure Life, Inc. The Requirements Round ale i Data Table -X her margin It turnove Secure Life, Inc. Income Statement For the Year Ended December 31, 2016 Sales Revenue $ 6,000,000 Cost of Goods Sold 3,700,000 a to conf your rest nterpret y ROI. Gross Profit retur perd pany's ROI. 2,300,000 2,000,000 Operating Expenses Operating Income Other Expenses: Interest Expense Income Before Income Tax Expense Income Tax Expense 300,000 (34,000) 266,000 93,100 172,900 Net Income $ Print Done aber in Clear All mplete) HW Score: 0 Questio 2. Requirements 1. Calculate the company's ROI. Round all of your answers to four decimal places. 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. decimal places. enter the amounts to calculate the company's ROI. (Round your calculations DI % ck Check Answer. Homework: Week Seven : Chapter 9: Problems Say Score: 0 of 1 pt 3 of 4 (0 complete) HW Score: 0%, 0 of 4 -24-29A (similar to) Question Help 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.) Requirements 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. Requirement 1. Calculate the company's ROI. Round all of your answers to four decimal places Begin by selecting the formula to calculate return on investment (ROI), and then enter the amounts to calculate the company's ROI. (Round your calculations to four decimal places and enter your answer as a percent, X.XX%) ROI % Choose from any list or enter any number in the input fields and then click Check Answer. 10 parts remaining Clear All Check