Consider the following condensed financial statements of Safe Money, Inc. The company's target rate of return is 20%: B (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%) Operating income / Average total assets = ROI i $ 500,000 Safe Money, Inc. Comparative Balance Sheet As of December 31, 2018 and 2017 2018 2017 Assets Cash $ 66,000 $ 54,000 Accounts Receivable 51,200 19,800 Supplies 3,000 2,400 Property, Plant, and Equipment, net 323,800 223,800 Patents, net 139,000 117,000 Total Assets $ 583,000 $ 417,000 Liabilities and Stockholders' Equity Accounts Payable $ 19,000 $ 21,000 Short-term Notes Payable 138,000 44,000 Long-term Notes Payable 186,000 116,500 Common Stock, no Par 226,000 232,000 Retained Earnings 14,000 3,500 Total Liabilities and Stockholders' Equity $ 583,000 $ 417,000 Safe Money, Inc. Income Statement For the Year Ended December 31, 2018 Net Sales Revenue $ 1,500,000 Cost of Goods Sold 700,000 Gross Profit 800,000 Operating Expenses 500,000 Operating Income 300,000 Other Income and (Expenses): Interest Expense (1,700) Income Before Income Tax Expense 298,300 Income Tax Expense 104,405 Net Income $ 193,895 Requirements 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. Print Done