Homework: Week 5 Homework Score: 0 of 10 pts 6 of 6 (2 complete) HW Score: 12.65%, 4.43 of P24-21A (similar to) 3 Question Help Consider the following condensed financial statements of Money Freedom, Inc. The company's target rate of return is 10%: (Click the icon to view the comparative balance sheet.) E: (Click the icon to view the income statement.) c Requirements 1. Calculate the company's ROI. Round all of your answers to four decimal places. 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. Calculate the company's RI. Interpret your results. c 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 answer as a percent, X.XX%) ROI % In 11 0 Data Table 2013 i Data Table 58,000 23,800 Money Freedom, Inc. Comparative Balance Sheet As of December 31, 2014 and 2013 2014 Assets Cash $ 70,000 $ Accounts Receivable 55,200 Supplies 4,800 Property, Plant and Equipment, net 310,000 Patents, net 147,000 $ 587,000 $ Total Assets Liabilities and Stockholders' Equity Accounts Payable $ 23,000 $ Short-term Notes Payable 142,000 Long-term Notes Payable 190,000 Common Stock, no Par 214,000 18,000 Retained Earnings $ 587,000 $ Total Liabilities and Stockholders' Equity 4,200 214,000 113,000 413,000 Money Freedom, Inc. Income Statement For the Year Ended December 31, 2014 Sales Revenue $ 2,000,000 Cost of Goods Sold 1,650,000 Gross Profit 350,000 Operating Expenses 250,000 Operating Income 100,000 Other Expenses: Interest Expense (18,000) Income Before Income Tax Expense 82,000 Income Tax Expense (28,700) $ 53,300 Net Income 25,000 48,000 120,500 212,000 7,500 413,000 Print Done Print Done