Consider the following condensed financial statements of Secure Life, Inc. The company's target rate of return is 40%: B 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%) . = ROI II % 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 Data table Secure Life, Inc. Comparative Balance Sheet As of December 31, 2024 and 2023 2024 2023 Assets Cash $ 75,000 $ 63,000 Accounts Receivable 60,200 28,800 Supplies 1,800 1,200 Property, Plant, and Equipment, net 298,000 207,000 Patents, net 157,000 108,000 Total Assets $ 592,000 $ 408,000 Liabilities and Stockholders' Equity Accounts Payable $ 28,000 $ 30,000 Short-term Notes Payable 147,000 53,000 Long-term Notes Payable 195,000 125,500 Common Stock, no Par 199,000 187,000 Retained Earnings 23,000 12,500 Total Liabilities and Stockholders' Equity $ 592,000 $ 408,000 Print Done Data table Secure Life, Inc. Income Statement For the Year Ended December 31, 2024 Net Sales Revenue $ 7,000,000 Cost of Goods Sold 4,200,000 Gross Profit 2,800,000 Operating Expenses 2,450,000 Operating Income 350,000 Other Income and (Expenses): Interest Expense (33,000) Income Before Income Tax Expense 317,000 Income Tax Expense 110,950 Net Income $ 206,050 Print Done