Data table Freedom, Inc. Comparative Balance Sheet As of December 31, 2024 and 2023 2024 2023 Assets Cash $ Accounts Receivable 73,000 $ 58,200 61,000 26,800 Supplies 1,800 1,200 Property, Plant, and Equipment, net Patents, net 304,000 153,000 211,000 110,000 Total Assets $ 590,000 $410,000 Liabilities and Stockholders' Equity Accounts Payable $ 26,000 $ 28,000 Short-term Notes Payable 145,000 51,000 Long-term Notes Payable 193,000 123,500 Common Stock, no Par 205,000 197,000 Retained Earnings 21,000 10,500 Total Liabilities and Stockholders' Equity $ 590,000 $ 410,000 I Requirement 1. Calculate the company's ROI. Round all of your answers four decimal places. Freedom, 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): $ 9,000,000 5,200,000 3,800,000 3,350,000 450,000 Interest Expense Income Before Income Tax Expense Income Tax Expense Net Income (31,000) 419,000 146,650 $ 272,350 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 yo final to the nearest hundredth of a percent, X.XX%) + + = ROI % Sleep 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, Requirement 4. Use the expanded ROI formula to confirm your results from Requirement 1. Interpret your results. X.XX%) + + The company's profit margin ratio tells us that they earn = Profit margin ratio = % of Requirement 3. Calculate the company's asset turnover ratio. Interpret your results. for every dollar of 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 to generate of with every $1.00 of First, select the expanded ROI formula. = ROI Using the expanded formula, the ROI for Freedom, Inc. is %. To determine what is driving a company's ROI, management often restates the ROI equation in its expanded form. Th 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). The RI for Freedom, Inc. is Freedom, Inc. is management's target rate of return. = RI