Please read the requirements and do those too!

= Homework: CHAPTER M-7 Question 3, PM7-34B (book/static) Part 1 of 11 HW Score: 0%, 0 of 4 points O Points: 0 of 1 Save Consider the following condensed financial statements of Pure Life, Inc. The company's target rate of return is 30%: (Click the icon to view the comparative balance sheet.) 3: (Click the icon to view the income statement.) Data table Read the requirements. Pure Life, Inc. Comparative Balance Sheet As of December 31, 2024 and 2023 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 X.XX%) 2024 2023 Assets ROI Cash $ 76,000 $ 62,000 % Accounts Receivable 61,400 26,800 600 200 - X Data table Supplies Property, Plant, and Equipment, net Patents, net Requirements 305,000 204,000 163,000 101,000 $ 606,000 $ 394,000 Total Assets Pure Life, Inc. Income Statement For the Year Ended December 31, 2024 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. Net Sales Revenue $ 6,000,000 3,700,000 2,300,000 2,000,000 Liabilities and Stockholders' Equity Accounts Payable $ 29,000 $ 31,000 Short-term Notes Payable 148,000 52,000 Long-term Notes Payable 196,000 126,500 Common Stock, no Par 205,500 169,000 Retained Earnings 27,500 15,500 Total Liabilities and Stockholders' Equity $ 606,000 $ 394,000 300,000 Cost of Goods Sold Gross Profit Operating Expenses Operating Income Other Income and (Expenses): Interest Expense Income Before Income Tax Expense Income Tax Expense Print Done (34,000) 266,000 Print Done 93,100 Net Income $ 172,900 Help me solve this Etext pages Get more help Clear all Check