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P24-21A (similar to) Question Help Consider the following condensed financial statements of Safe Money, Inc. The company's target rate of return is 20% E (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 percent, XXX%) ROI Requirements i Data Table 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. 2017 1 Data Table Safe Money, Inc. Comparative Balance Sheet As of December 31, 2018 and 2017 2018 Assets Cash $ 82,000 $ Accounts Receivable 61,600 Supplies 400 Property, Plant, and Equipment, net 299,000 Patents, net 158,000 $ 601,000 $ Total Assets Liabilities and Stockholders' Equity Accounts Payable $ 31,000 $ Short-term Notes Payable 149,000 Long-term Notes Payable 199,000 Common Stock, no Par 201,000 Retained Earnings 21,000 Total Liabilities and Stockholders' Equity $ 601,000 $ 71,000 27,500 500 197,000 103,000 399,000 33.000 49.000 129.000 168,500 19,500 399,000 Safe Money, Inc. Income Statement For the Year Ended December 31, 2018 Net Sales Revenue $ 10,000,000 Cost of Goods Sold 5,900,000 Gross Profit 4,100,000 Operating Expenses 3,800,000 Operating Income 300,000 Other Income and (Expenses): Interest Expense (40,000) Income Before Income Tax Expense 260,000 Income Tax Expense 91,000 169,000 Net Income Print Done