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Consider the following condensed financial statements of Money Safe, Inc. The company's target rate of return is 20%: (Click the icon to view the comparative

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Consider the following condensed financial statements of Money Safe, Inc. The company's target rate of return is 20%: (Click the icon to view the comparative balance sheet.) B (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.XX%) = ROI = % Money Safe, Inc. Comparative Balance Sheet As of December 31, 2018 and 2017 2018 2017 Assets Cash $ 69,000 $ 57,000 Accounts Receivable 54,200 22,800 Supplies 5,800 5,200 Property, Plant, and Equipment, net 312,000 215,000 Patents, net 145,000 114,000 Total Assets $ 586,000 $ 414,000 Liabilities and Stockholders' Equity Accounts Payable $ 22,000 $ 24,000 Short-term Notes Payable 141,000 47,000 Long-term Notes Payable 189,000 119,500 Common Stock, no Par 217,000 217,000 Retained Earnings 17,000 6,500 Total Liabilities and Stockholders' Equity $ 586,000 $ 414,000 Money Safe, Inc. Income Statement For the Year Ended December 31, 2018 Net Sales Revenue $ 4,500,000 Cost of Goods Sold 2,300,000 Gross Profit 2,200,000 Operating Expenses 1,750,000 Operating Income 450,000 Other Income and (Expenses): Interest Expense (41,000) Income Before Income Tax Expense 409,000 Income Tax Expense 143,150 Net Income $ 265,850 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

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