Consider the following condensed financial statements of Money Freedom, 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.) 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 fou decimal places and enter your final to the nearest hundredth of a percent, X.XX%) ROI % ) i Data Table sed com com Money Freedom, Inc. Comparative Balance Sheet As of December 31, 2024 and 2023 to ca final (Rou 2024 2023 + Assets Cash + 55,000 Accounts Receivable 67,000 $ 52,200 20,800 4,000 3,400 Supplies Property, Plant, and Equipment, net Patents, net 319,800 220,800 141,000 116,000 $ 584,000 $ 416,000 Total Assets Liabilities and Stockholders' Equity Accounts Payable $ 20,000 $ Short-term Notes Payable 139,000 Long-term Notes Payable 187,000 22,000 45,000 117,500 er any Print Done Che 1 Data Table X Money Freedom, Inc. Income Statement For the Year Ended December 31, 2024 Net Sales Revenue $ 1,000,000 Cost of Goods Sold 600,000 Gross Profit 400,000 300,000 Operating Expenses Operating Income 100,000 (1,500 Other Income and (Expenses): Interest Expense Income Before Income Tax Expense Income Tax Expense 98,500 34,475 Net Income $ 64,025 Print Done ompj o cal i Requirements inal 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. Calculate the company's RI. Interpret your results, 5. Print Done