Safe Money, Inc. Comparative Balance Sheet As of December 31, 2024 and 2023 2024 2023 Assets +$ 67,000 $ Cash 55,000 Accounts Receivable 52,200 20,800 Supplies 4,000 3,400 Property, Plant, and Equipment, net 319,800 220,800 Patents, net 141,000 116,000 Total Assets $ 584,000 $ 416,000 Liabilities and Stockholders' Equity Accounts Payable $ 20,000 $ 22,000 Short-term Notes Payable 139,000 45.000 Long-term Notes Payable 187 000 117,500 Common Stock, no Par 223 000 227,000 Retained Earnings 15.000 4,500 Total Liabilities and Stockholders' Equity $ 584,000 $ 416,000 Print Done - Data Table Safe Money, Inc. Income Statement For the Year Ended December 31, 2024 Net Sales Revenue $ 1,000,000 Cost of Goods Sold 600,000 Gross Profit 400,000 Operating Expenses 300,000 Operating Income 100.000 Other Income and (Expenses); Interest Expense (1.500) Income Before Income Tax Expense 98,500 Income Tax Expense 34,475 ts Net Income 64,025 Print Done - X Requirements 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. Print Done Consider the following condensed financial statements of Safe Money, Inc. The company's target rate of return is 10% 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 (ROD), and then enter the amounts to calculate the company's ROI (Pou 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. E 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 tumover ratio, and then enter the amounts to calculate the company's asset tumover ratio Asset turnover ratio The company's asset tumover ratio explains how efficiently a company uses its The company is generating of to generate with every $1 00 of Requirement 4. Use the expanded ROI formula to confirm your results from Requirement1 Interpret your results First, select the expanded ROI formula ROL Using the expanded formuls, the ROI for Safe Money, Inc. is Choose from any list or enter any number in the input fields and then continue to the next