Consider the following condensed financial statements of Safe Money, 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.) i Data Table i - X Data Table Safe Money, Inc. Comparative Balance Sheet As of December 31, 2024 and 2023 2024 2023 Assets Cash $ 78,000 $ 76,000 Accounts Receivable 60,800 20,600 Supplies 200 400 Property, Plant, and Equipment, net 250,000 190,000 Patents, net 210,000 114,000 Total Assets $ 599,000 $ 401,000 Liabilities and Stockholders' Equity Accounts Payable $ 30,000 $ 32,000 Short-term Notes Payable 150,000 51,000 Long-term Notes Payable 197,000 128,000 Common Stock, no Par 202,000 171,500 Retained Earnings 20,000 18,500 Total Liabilities and Stockholders' Equity $ 599,000 $ 401,000 Safe Money, Inc. Income Statement For the Year Ended December 31, 2024 Net Sales Revenue $ 7,500,000 Cost of Goods Sold 4,500,000 Gross Profit 3,000,000 Operating Expenses 2,850,000 Operating Income 150,000 Other Income and (Expenses): Interest Expense (35,000) Income Before Income Tax Expense 115,000 Income Tax Expense 40,250 Net Income $ 74,750 Print Done Print Done next question ? Consider the following condensed financial statements of Safe Money, 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 four decimal places and enter your final to the nearest hundredth of a percent, X.XX%) ROL % 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%) Profit margin ratio % The company's profit margin ratio tells us that they eam of for every dollar of 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. = Asset turnover ratio The company's asset turnover ratio explains how efficiently a company uses its The company is generating to generate with every $1.00 of of Requirement 4. Use the expanded ROI formula to confirm your results from Requirement 1. Interpret your results. First, select the expanded ROI formula. Requirement 4. Use the expanded ROI formula to confirm your results from Requirement 1. Interpret your results. First, select the expanded ROI formula. ROI Using the expanded formula, the ROI for Safe Money, 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. Requirement 5. Calculate the company's RI. Interpret your results. First, select the formula to calculate residual income (RI). RI The RI for Safe Money, Inc. is Safe Money, Inc. is management's target rate of retum
