Consider the following condensed financial statements of Life Long, Inc. The company's target rate of return is 10% : (Click the icon to view the comparative balance sheet.) (Click the icon to view the income statement.) Requirements Read the requirements. 1. Calculate the company's ROI. Round all of your answers to four decimal places. Requirement 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 2. Calculate the company's profit margin ratio. Interpret your results. The company's profit margin ratio tells us that they earn Requirement 3. Calculate the company's asset turnover ratio. Interpret your results. Begin by selecting the formula to calculate asset turnover ratio, and then enter the amounts to calculate the company's asset turnover ratio The company's asset turnover ratio explains how efficiently a company uses its to generate . The company is generating of with every $1.00 of Requirement 4. Use the expanded ROl formula to confirm your results from Requirement 1. Interpret your results