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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 icon to view the income statement) Read the requirements. Requirement 3. Calculate the company's asset tumover ratio. Interpret your results. Begin by selecting the formula to calculate asset tumover ratio, and then enter the amounts to calculate the company's asset turnover ratio. The company's asset turnover ratio explains how efficiently a company uses its to generate The company is generating of with every $1.00 of Requirement 4. Use the expanded ROI formula to confirm your results from Requirement 1. Interpret your results. First, select the expanded ROI formula. Using the expanded formula, the ROI for Freedom, Inc. is Requirement 4. Use the expanded ROI formula to confirm your results from Requirement 1. Interpret your results. First, select the expanded ROI formula. Using the expanded formula, the ROl for Freedom, Inc is % To determine what is driving a company's ROI, management often restates the ROl equation in its expanded form. The 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 retum. Data table mpany's target ra he icon to view the ur decimal places. n enter the amounts your final to the nea % ilts. e amounts to calculat \%) Requirements 1. Calculate the company's ROI. Round all of your answers to four decimal places. 2. 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. 5. Calculate the company's RI. Interpret your results