4/25/22 2:23 PM ACCT 202 Sect MW 2:30-Patncia Norton Secure Life, Inc. Income Statement For the Year Ended December 31, 2024 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Operating Income $ Other Income and (Expenses): Interest Expense Income Before Income Tax Expense Income Tax Expense Net Income 4,500,000 2.300,000 2,200,000 1,750,000 450,000 (41,000) 400,000 143,150 S 265,850 3: 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. C