Please do all requirements
Requirements Consider the following condensed financial statements of Life Long, 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 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 final to the nearest hundredth of a pl 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 ROI Data Table Print Done 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 Profit margin ratio The company's profit margin ratio tells us that they earn of for every dollar of Life Long, Inc. Comparative Balance Sheet As of December 31, 2024 and 2023 2024 Data Table 2023 Assets Requirement 3. Calculate the company's asset turnover ratio. Interpret your results. Begin by selecting the formula to calculate asset turnover ratio, and then enter the amounts to calculate the company's asset turnover ratio. Cash $ 66,000 $ 54,000 51,200 Asset turnover ratio = 19,800 3,000 2,400 Accounts Receivable Supplies Property, Plant, and Equipment, net Patents, net Life Long, Inc. Income Statement For the Year Ended December 31, 2024 Net Sales Revenue $ 1,500,000 Cost of Goods Sold 700,000 323.800 223,800 The company's asset turnover ratio explains how efficiently a company uses its The company is generating to generate with every $1.00 of 139,000 117,000 of Gross Profit 800,000 Total Assets $ 583,000 $ 417,000 500,000 300,000 Requirement 4. Use the expanded ROI formula to confirm your results from Requirement 1. Interpret your results. First, select the expanded ROI formula. 21,000 44,000 Operating Expenses Operating Income Other Income and (Expenses) Interest Expense Income Before Income Tax Expense Income Tax Expense (1,700) ROI Liabilities and Stockholders' Equity Accounts Payable $ 19,000 $ Short-term Notes Payable 138,000 Long-term Notes Payable 186,000 Common Stock, no Par 226,000 Retained Earnings 14,000 Total Liabilities and Stockholders' Equity $ 583,000 $ 116,500 232,000 298,300 Using the expanded formula, the ROI for Life Long, Inc. is %. 3.500 104,405 193,895 Choose from any list or enter any number in the input fields and then continue to the next question. Net Income $ 417,000
