Consider the following condensed financial statements of Safe Money, 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.) Data Table Read the requirements Requirement 1. Calculate the company's ROI. Round all of your answers to four decimal places. Safe Money, Inc. Comparative Balance Sheet As of December 31, 2024 and 2023 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 near ROI 2024 2023 X Data Table Assets Cash $ 74,000 $ 62,000 27,800 Accounts Receivable 59,200 800 200 i Requirements Supplies Property, Plant, and Equipment, net Patents, net 302,000 210,000 Safe Money, Inc. Income Statement For the Year Ended December 31, 2024 Net Sales Revenue $ 8,000,000 Cost of Goods Sold 4,700,000 109,000 155,000 591,000 $ Total Assets $ 409,000 1. Gross Profit 2. 3. 4. Calculate the company's ROI. Round all of your answers to four decimal places. Calculate the company's profit margin ratio. Interpret your results. Calculate the company's asset turnover ratio. Interpret your results. Use the expanded ROI formula to confirm your results from Requirement 1. Interpret your results. Calculate the company's RI. Interpret your results. 3,300,000 2,900,000 400,000 Operating Expenses Operating Income Other Income and (Expenses) Interest Expense Income Before Income Tax Expense Liabilities and Stockholders' Equity Accounts Payable $ 27,000 $ 29,000 Short-term Notes Payable 146,000 52,000 Long-term Notes Payable 194,000 124,500 Common Stock, no Par 202,000 192,000 Retained Earnings 22.000 11,500 Total Liabilities and Stockholders' Equity $ 591,000 $ 409,000 5. (32,000) Print Done Done Income Tax Expense 368,000 128,800 239,200 Net Income $ Print Done Choose from any list or enter any number in the input fields and then click Check Answer. Print Done