Consider the following condensed financial statements of Life Long, 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. 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.%) Requirement 2. Calculate the company's profit margin ratio. Interpret your results. Begin by selecting the formula to calculate profit margin ratio, and then enter the amounts to calculate the company's profit margin ratio. (Enter your final to the nearest hundredth of a percent, X.XX\%) The company's profit margin ratio tells us that they earn of for every dollar of Requirement 3. Calculate the company's asset turnover ratio. Interpret your results. Data table al places. he amounts to calcul to the nearest hund % Is to calculate the cor Consider the following condensed financial statements of Life Long. 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 statemer Read the requirements. Data table ur decimal places. n enter the amounts to calculate your final to the nearest hundredth o %) argin ratio % for every dollar or Consider the following condensed financial statements of Life'Long, Inc. The company's target rate of return is 30% : 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%) Requirement 2. Calculate the company's profit margin ratio. Interpret your results. Begin by selecting the formula to calculate profit margin ratio, and then enter the amounts to calculate the company's profit margin ratio. (Enter your final to the nearest hundredth of a percent, X.X% ) The company's profit margin ratio tells us that they earn of for every dollar of Requirement 3. Calculate the company's asset tumover 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. 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 The company is generating of to generate with every $1.00 of Requirement 4. Use the expanded ROI formula to confirm your results from Requirement 1. Interpret your results. First, select the expanded ROI formula. Using the expanded formula, the ROI for Life Long, Inc, is \%. To determine what is driving a company's ROI. management often restates the ROI equation in its expanded form. The ROI calculated with the expanded formula with the ROI calculated in Requirement 1. Consider the following condensed financial statements of Life Long, Inc. The company's target rate of return is 30% : Requirement 4. Use the expanded ROI formula to confirm your results from Requirement 1. Interpret your results. First, select the expanded ROI formula. Using the expanded formula, the ROI for Life Long, Inc. is \% To determine what is driving a company's ROI. manacement often restates the ROI equation in its expanded form. The ROI calculated with the expanded formula with the ROI calculated in Requirement 1. Requirement 5. Calculate the company's RI. Interpret your results. First, select the formula to calculate residual income (RI). The RI for Life Long, Inc. is Life Long, Inc. is management's target rate of return. Consider the following condensed financial statements of Life Long, Inc. The company's target rate of retum is 30% : 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,X%) Average total assets Net sales revenue Operating income Target rate of return pany's profit margin ratio. Interpret your results. Iculate profit margin ratio, and then enter the amounts to calculate the company's to the nearest hundredth of a percent, X.X%) % to the nearest hundredth of a percen, .(x) for every dollar of Total current liabilities .pany'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 furnover ratio. Requirement 3. Calculate the company's asset turnover ratio. Interpret Begin by selecting the formula to calculate asset turnover ratio, and ther asset turnover ratio. The company's asset turnover ratio explains how efficiently a company uses its The company is generating wit every $1.00 of Requirement 4. Use the expanded ROI formula to confirm your results from Requirement 1. Interpret your results. First, select the expanded ROI formula