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Can you do all five requirements Consider the following condensed financial statements of Life Long, Inc. The company's target rate of return is 20% (Click

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Can you do all five requirements

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.) Data Table Read the requirements. 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 vour calcula X.XX%) Data Table ROI Life Long, Inc. Comparative Balance Sheet As of December 31, 2018 and 2017 2018 2017 Requirements 1. 2. 3. 4. Calculate the company's ROI. Round all of your answers to four decimal places Calculate the company's profit margin ratio. Interpret your results. Calculate the company's asset turnover ratio. Interpret your results. Use the expanded ROI formula to confirm your results from Requirement 1. Interpret your results. Calculate the company's RI. Interpret your results. Life Long, Inc. Income Statement For the Year Ended December 31, 2018 Net Sales Revenue 1,500,000 Cost of Goods Sold 700,000 Gross Profit 800,000 Operating Expenses 500,000 Operating Income 300,000 Other Income and (Expenses): Interest Expense (1,700) Income Before Income Tax Expense 298,300 Income Tax Expense 104,405 Net Income S 193,895 Assets Cash $ 66,000 S 54,000 Accounts Receivable 51.200 19,800 Supplies 3,000 2,400 Property, Plant, and Equipment, net 323,800 223,800 Patents, net 139,000 117,000 Total Assets $ 583,000 S 417,000 Liabilities and Stockholders' Equity Accounts Payable S 19.000 S 21,000 Short-term Notes Payable 138,000 44,000 Long-term Notes Payable 136.000 116.500 Common Stock, no Par 226,000 232,000 Retained Earnings 14.000 3.500 S Total Liabilities and Stockholders' Equity 583,000 S 417,000 5. Print Done Choose from any list or enter any number in the input fields and then click Chec

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