Course Hero X P Do Homework - Chapter M-9 > Assignments C A mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=642070122&questionld=13&flushed=true&cld=7269176¢erwin=yes * 0 m Update : 23/WI Introduction to Managerial Accounting Ali Hamade 04/12/23 6:14 AM Homework: Chapter M-9 Homework Question 16, PM9-21A (similar to) HW Score: 72.85%, 18.21 of 25 points Part 1 of 11 x Points: 0 of 4 Save Question list K Consider the following condensed financial statements of Secure Money, Inc. The company's target rate of return is 40%: (Click the icon to view the comparative balance sheet.) (Click the icon to view the income statement.) Read the requirements. Question 4 Question 5 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%) Question 6 Net sales revenue Average total assets ROI 500,000 % X Data table Question 7 Secure Money, Inc. Question 8 - X Comparative Balance Sheet Data table As of December 31, 2024 and 2023 2024 2023 Question 9 - X Secure Money, Inc. Assets Requirements Income Statement Cash $ 75,000 $ 63,000 Question 10 For the Year Ended December 31, 2024 Accounts Receivable 60,20 28,800 1. Calculate the company's ROI. Round all of your answers to four decimal Net Sales Revenue $ 7,000,000 Supplies ,800 1,200 places. Cost of Goods Sold 4,200,000 Property, Plant, and Equipment, net 298,000 207,000 Question 11 2. Calculate the company's profit margin ratio. Interpret your results. Gross Profit Patents, net 157,000 108,000 3. Calculate the company's asset turnover ratio. Interpret your results 2,800,000 A Use the expanded ROI formula to confirm your results from Requirement 1. Operating Expenses 2,450,000 Total Assets 592,000 $ 408,000 Question 12 nterpret your results. Operating Income 350,000 Liabilities and Stockholders' Equity 5. Calculate the company's RI. Interpret your results Other Income and (Expenses): Accounts Payable $ 28,000 $ 30,000 Interest Expense (33,000) Short-term Notes Payable 147,000 53,000 Question 13 Income Before Income Tax Expense 317,000 Long-term Notes Payable 195,000 125,500 Print Done Income Tax Expense 10,950 Common Stock, no Par 199,000 87,000 Question 14 Net Income 206,050 Retained Earnings 23,000 12,500 Total Liabilities and Stockholders' Equity $ 592,000 $ 408,000 Question 15 Print Done Print Done x Question 16 Help me solve this Video Get more help - Clear all Final check