Income Statement

Consider the following condensed financial statements of Elena, Inc. The company's target rate of return is $30\%$ :

View the comparative balance sheet. View the income statement.

Read the requirements.

Requirement $1.$ Calculate the company's ROI. Round all of your answers to four decimal places.

$=\%$

$\%$ ROI

Requirements

Calculate the company's ROI. Round all of your answers to four decimal

places.

Calculate the company's profit margin ratio. Interpret your results.

Calculate the company's asset turnover ratio. Interpret your results.

Use the expanded ROI formula to confirm your results from Requirement $1$

Interpret your results.

Calculate the company's RI$.$ Interpret your results.

Comparative Balance Sheet