Consider the following condensed financial statements of Secure Life, Inc. The company's target rate of return is 20%: (Click the icon to view the income statement.) 12 (Click the icon to view the comparative balance sheet.) (0) Read the requirements im %1 er 5) 02 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, XXX%) ROI Data table Secure Life, Inc. Comparative Balance Sheet As of December 31, 2024 and 2023 Cash Accounts Receivable 2024 2023 - f 50 Assets $ 69,000 $ 57,000 bund 54,200 22,800 5,800 5,200 312,000 215,000 145,000 114,000 $ 586,000 $ 414,000 Supplies Property, Plant, and Equipment, net Patents, net Total Assets Liabilities and Stockholders' Equity Accounts Payable Short-term Notes Payable Long-term Notes Payable $ 22,000 $ 24,000 141,000 47,000 189,000 119,500 Print Done Data table Cash Accounts Receivable Supplies 2024 2023 - X Assets $ 69,000 $ 57,000 54,200 22,800 5,800 5,200 312,000 215,000 145,000 114,000 bund y $ 586,000 $ 414,000 Property, Plant, and Equipment, net Patents, net Total Assets Liabilities and Stockholders' Equity Accounts Payable Short-term Notes Payable Long-term Notes Payable $ 22,000 $ 24,000 141,000 47,000 189,000 119,500 Common Stock, no Par Retained Earnings 217,000 217,000 17,000 6,500 Total Liabilities and Stockholders' Equity $ 586,000 $ 414,000 Print Done Data table Secure Life, Inc. Income Statement For the Year Ended December 31, 2024 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Operating Income Other Income and (Expenses): Interest Expense Income Before Income Tax Expense Income Tax Expense Net Income Print Done $ 4,500,000 2,300,000 2,200,000 1,750,000 450,000 (41,000) 409,000 143,150 $ 265,850 - 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. 4. 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. 5. Calculate the company's RI. Interpret your results. Print Done - . X und