Consider the following condensed financial statements of

Safe Money comma Inc.Safe Money, Inc.

The company's target rate of return is

3030%:

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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%)

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ROI

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%

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Data Table

Safe Money, Inc.
Comparative Balance Sheet
As of December 31, 2018 and 2017
		2018	2017
	Assets
	Cash	$68,000	$56,000
	Accounts Receivable	53,200	21,800
	Supplies	5,000	4,400
	Property, Plant, and Equipment, net	315,800	217,800
	Patents, net	143,000	115,000
	Total Assets	$585,000	$415,000
	Liabilities and Stockholders' Equity
	Accounts Payable	$21,000	$23,000
	Short-term Notes Payable	140,000	46,000
	Long-term Notes Payable	188,000	118,500
	Common Stock, no Par	220,000	222,000
	Retained Earnings	16,000	5,500
	Total Liabilities and Stockholders' Equity	$585,000	$415,000

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Data Table

Safe Money, Inc.
Income Statement
For the Year Ended December 31, 2018
	Net Sales Revenue	$5,000,000
	Cost of Goods Sold	2,800,000
	Gross Profit	2,200,000
	Operating Expenses	1,850,000
	Operating Income	350,000
	Other Income and (Expenses):
	Interest Expense	(42,000)
	Income Before Income Tax Expense	308,000
	Income Tax Expense	107,800
	Net Income	$200,200