Assignments X *Course Hero P Do Homework - Chapter M-9 - X C ^ mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=642070122&questionld=13&flushed=true&cld=7269176¢erwin=yes * 0 m Update : 23/WI Introduction to Managerial Accounting Ali Hamade 04/12/23 6:51 AM Homework: Chapter M-9 Homework Question 16, PM9-21A (similar to) HW Score: 70.5%, 17.63 of 25 points Save Part 1 of 11 Points: 0.88 of 4 Question list K Consider the following condensed financial statements of Freedom, 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. Question 4 Question 5 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 final to the nearest hundredth of a percent, X.XX%) Question 6 ROI % X Data table Question 7 X Freedom, Inc. Question 8 Data table Comparative Balance Sheet As of December 31, 2024 and 2023 - X 2024 2023 Question 9 Requirements Freedom, Inc. Assets Income Statement Cash $ 76,000 $ 62,000 For the Year Ended December 31, 2024 Question 10 1. Calculate the company's ROI. Round all of your answers to four decimal Accounts Receivable 61,400 26,80 places Net Sales Revenue $ 6,000,000 60 200 2. Calculate the company's profit margin ratio. Interpret your results. Supplies Cost of Goods Sold 3,700,000 Calculate the company's asset turnover ratio. Interpret your results Property, Plant, and Equipment, net 305,000 204,000 Question 11 4. Use the expanded ROI formula to confirm your results from Requirement 1. Gross Profit 2,300,000 Patents, net 163,000 101,000 Interpret your results. Operating Expenses 2,000,000 5. Calculate the company's RI. Interpret your results. Total Assets 606,000 $ 394,000 Operating Income 300,000 Question 12 Other Income and (Expenses): Liabilities and Stockholders' Equity (34,000) Accounts Payable $ 29,000 $ 31,000 Interest Expense 52.000 x Question 13 Print Done Income Before Income Tax Expense 266,000 Short-term Notes Payable 196,000 Income Tax Expense 93, 100 Long-term Notes Payable 126,500 Common Stock, no Par 205,500 169,000 Net Income $ 172,900 Question 14 Retained Earnings 27,500 5,500 Total Liabilities and Stockholders' Equity $ 606,000 $ 394,000 Question 15 Print Done Print Done Question 16 Help me solve this Video Get more help - Clear all Check