Consider the following condensed financial statements of Forever Free, Inc. The company's target rate of return is 40%: (Click the icon to view the comparative balance sheet.) (Click the icon to view the income statement.) 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 your calculations to four decimal places and e ROI % Data table Forever Free, Inc. Comparative Balance Sheet As of December 31, 2024 and 2023 2024 2023 Assets Cash $ Data table - X Accounts Receivable Requirements Supplies 64,000 $ 49,200 1,000 52,000 17,800 400 Forever Free, Inc. 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. Income Statement Property, Plant, and Equipment, net Patents, net 331,800 229,800 135,000 119,000 For the Year Ended December 31, 2024 Total Assets $ 581,000 $ 419,000 Net Sales Revenue $ 3,500,000 Liabilities and Stockholders' Equity Use the expanded ROI formula to confirm your results from Requirement 1. Interpret your results. 5. Calculate the company's RI. Interpret your results. Cost of Goods Sold Gross Profit Operating Expenses 2,200,000 1,300,000 Accounts Payable $ 17,000 $ 19,000 Short-term Notes Payable 136,000 42,000 950,000 Long-term Notes Payable 184,000 114,500 Operating Income Other Income and (Expenses): Print Done Interest Expense Income Before Income Tax Expense Income Tax Expense Net Income Help me solve this Video Get more help - 350,000 Common Stock, no Par 232,000 242,000 Retained Earnings 12,000 1,500 (27,000) Total Liabilities and Stockholders' Equity $ 581,000 $ 419,000 323,000 113,050 $ 209,950 Print Done