Question:

Data & Requirements:

Consider the following condensed financial statements of Secure Money, Inc. The company's target rate of return is 30%: (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 Consider the following condensed financial statements of Secure Money, Inc. The company's targe: rate of return is 30% (Click the icon to view the comparative balance sheet.) (Click the icon to view the income statement Read the requirements. i Data Table -X ol places he amounts to calculate the company's ROI. (Round your calculations to four decimal places Secure Money, Inc. Income Statement For the Year Ended December 31, 2018 Net Sales Revenue $ 5,000,000 Cost of Coods Sold 2.800.000 Gross Profit 2,200.000 Operating Expenses 1,850,000 Operating Income 350,000 Other Income and (Expenses): Interest Expense (42,000) Income Before Income Tax Expense 308.000 107.800 Income Tax Expense 200,200 Net Income i Requirements - X 2017 1. Secure Money, Inc. Comparative Balance Sheet As of December 31, 2018 and 2017 2018 Assets Cash $ 68.000 $ Accounts Receivable 53,200 Supplies 5,000 Property, Plant, and Equipment, ne: 315.800 Palenis, nel 143.000 $ 585,000 $ Total Assets Liabilities and Stockholders' Equity Accounts Payable $ 21,000 $ Short-term Notes Payable 140.000 Long-lerri Noles Payable 168,000 Common Stock, no Par 220,000 Retained Earnings 16.000 $ 585,000 $ Total Liabilities and Stockholders' Equity 56,000 21,500 4.400 217.800 115,000 415,000 2. 3. 4. Calculate the company's ROL Round all of your answers to four decimal places Calculate the company's profit margin ratio. Interpret your results. Calculate the company's asset turnover ratio. Interpret your results. Use the expanded ROI formula to confinn your results from Requirement 1. Interpret your results. Calculate the company's RL. Interpret your results. 5. Print Done Print Done 23.000 46.000 118.500 222.000 5.500 415,000 Print Done Clear All Check