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Data table Data table no vi voumni, cu unu cucu 2024 2023 Assets Life Long, Inc. Income Statement Cash 65,000 $ 53,000 Accounts Receivable 50,200 18,800 For the Year Ended December 31, 2024 Net Sales Revenue 2,500,000 2,000 1,400 Cost of Goods Sold 1,100,000 Supplies Property, Plant, and Equipment, net Patents, net Gross Profit 1,400,000 327,800 226,800 137,000 118,000 $ 582,000 $ 418,000 1,150,000 Total Assets 250,000 Liabilities and Stockholders' Equity Operating Expenses Operating Income Other Income and (Expenses): Interest Expense Accounts Payable 18,000 $ 20,000 (28,000) Short-term Notes Payable 137,000 43,000 Income Before Income Tax Expense 222,000 Long-term Notes Payable 185,000 115,500 Income Tax Expense 77,700 Common Stock, no Par 229,000 237,000 Net Income $ 144,300 Retained Earnings 13,000 2,500 Total Liabilities and Stockholders' Equity $ 582,000 $ 418,000 Consider the following condensed financial statements of Life Long, Inc. The company's target rate of return is 30%: 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, X.XX%) ROI % 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 the nearest hundredth of a percent, X.XX%) Profit margin ratio % = The company's profit margin ratio tells us that they earn of for every dollar of 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. = Asset turnover ratio to generate The company's asset turnover ratio explains how efficiently a company uses its 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. = ROI Using the expanded formula, the ROI for Life Long, Inc. is %. To determine what is driving a company's ROI, management often restates the ROI 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). II RI The RI for Life Long, Inc. is Life Long, Inc. is management's target rate of return