nc. The company's target rate of return is 20%: KALAN Requirements cal (R I to 1. Calculate the company's ROI. Round all of your answers to four decimal places. 2. Calculath 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. 5. Calculate the company's RI. Interpret your results. Print Done numeremput meus anormeTTCNICRUNECK ANSWer Consider the following condensed financial statements of Freedom, Inc. The company's target rate of return is 20%: (Click the icon to view the comparative balance sheet.) (Click the loon to view the income statement.) Read the requirements Freedom, Inc. Comparative Balance Sheet As of December 31, 2024 and 2023 2024 2023 Assets Cash $ 82,000 $ 71,000 61,600 27 500 400 500 Accounts Receivable Supplies Property Plant, and Equipment net Patents net 299,000 197.000 158,000 103,000 Total Assets $ 601,000 $ 399,000 33.000 Liabilities and Stockholders' Equity Accounts Payable $ 31.000 $ Short-term Notes Payable 149.000 Long-term Notes Payable 199.000 49.000 129,000 2024 2023 Assets Cash 82,000 $ 71,000 Accounts Receivable 61,600 27,500 400 500 Supplies Property, Plant, and Equipment, net 299.000 197 000 Patents.net 158,000 103,000 Total Assets $ 601,000 $ 399,000 Liabilities and Stockholders' Equity S 31.000 S 33,000 149,000 49,000 199,000 129.000 Accounts Payable Short-term Notes Payable Long-term Notes Payable Common Stock, no Par Retained Earnings Total Liabilities and Stockholders' Equity 201,000 168,500 21,000 19,500 601,000 $ 399,000 Freedom, Inc. Income Statement For the Year Ended December 31, 2024 Net Sales Revenue $ 10,000,000 Cost of Goods Sold 5,900,000 Gross Profit 4,100,000 Operating Expenses Operating Income 3,800,000 300,000 Other Income and (Expenses). (40,000) Interest Expense Income Before Income Tax Expense Income Tax Expense 260.000 91,000 Net Income $ 169,000