Consider the following condensed financial statements of Secure Life, 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.) 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 % 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 earn 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 of to generate with every $1.00 of 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 Secure Life, 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 Secure Life, Inc. is Secure Life, Inc. is management's target rate of return Data table - Data table Secure Life, Inc. Comparative Balance Sheet As of December 31, 2024 and 2023 2024 2023 Assets Secure Life, Inc. Income Statement For the Year Ended December 31, 2024 Net Sales Revenue $ 5,000,000 Cost of Goods Sold 2,800,000 Cash $ 56,000 68,000 $ 53,200 Accounts Receivable 21,800 5,000 4,400 Gross Profit Supplies Property, Plant, and Equipment, net Patents, net 2,200,000 1,850,000 315,800 217,800 143,000 115,000 350,000 Total Assets $ 585,000 $ 415,000 Operating Expenses Operating Income Other Income and (Expenses) Interest Expense Income Before Income Tax Expense Income Tax Expense (42,000) 308,000 23,000 46,000 107,800 Liabilities and Stockholders' Equity Accounts Payable $ 21,000 $ Short-term Notes Payable 140,000 Long-term Notes Payable 188,000 Common Stock, no Par 220,000 Retained Earnings 16,000 Total Liabilities and Stockholders' Equity $ 585,000 $ 118,500 Net Income $ 200,200 222,000 5,500 415,000 Print Done