Course Hero X P Do Homework - Chapter M-9 > Assignments C A mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=642070122&questionld=16&flushed=false&cld=7269176¢erwin=yes * 0 m Update : 23/WI Introduction to Managerial Accounting Ali Hamade 04/12/23 2:42 AM Homework: Chapter M-9 Homework Question 16, PM9-21A (similar to) HW Score: 69.42%, 17.35 of 25 points Save Part 1 of 11 x Points: 0 of 4 Consider the following condensed financial statements of Secure Money, Inc. The company's target rate of return is 40%: Question list K (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 Average total assets RO % X Data table X Data table X Requirements Secure Money, Inc. Secure Money, Inc. Comparative Balance Sheet As of December 31, 2024 and 2023 1 . Calculate the company's ROI. Round all of your answers to four decimal Income Statement places. For the Year Ended December 31, 2024 2024 2023 2 . Calculate the company's profit margin ratio. Interpret your results Net Sales Revenue $ 7,000,000 Assets w Calculate the company's asset turnover ratio. Interpret your results. Use the expanded ROI formula to confirm your results from Requirement 1. Cost of Goods Sold 4,200,000 Cash $ 75,000 $ 63,000 Interpret your results. Gross Profit 2,800,000 Accounts Receivable 60,200 28,800 5. Calculate the company's RI. Interpret your results Operating Expenses 2,450,000 Supplies 1.800 1,200 Operating Income 350,000 Property, Plant, and Equipment, net 298,000 207,000 Other Income and (Expenses) Patents, net 157,000 108,000 Print Done Interest Expense (33,000) Total Assets 592,000 $ 408,000 Income Before Income Tax Expense 317,000 Liabilities and Stockholders' Equity Income Tax Expense 110,950 Accounts Payable $ 28,000 $ 30,000 Net Income 206,050 Short-term Notes Payable 147,000 53,000 Long-term Notes Payable 95,000 125,500 Common Stock, no Par 199,000 187,000 X / Retained Earnings 23,00 12,500 Print Done Total Liabilities and Stockholders' Equity 592,000 $ 408,000 X Print Done H Clear all Check