Score: 0 of 6 pts 2 of 2 (0 complete) HW Score: 0%, 0 of 12 pts P24-21A (similar to) Question Help Consider the following condensed financial statements of Freedom, Inc. The company's target rate of return is 10% EEB (Click the icon to view the comparative balance sheet.) E(Click the icon to view the income statement.) Read the requirements X Data Table 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 compa hur X Data Table ROI Freedom, Inc. % Comparative Balance Sheet As of December 31, 2018 and 2017 Freedom, Inc. 2018 2017 X Income Statement Requirements Assets For the Year Ended December 31, 2018 $ 67,000 $ Cash 55,000 Net Sales Revenue S 1,000,000 20,800 Accounts Receivable 52,200 600,000 Cost Goods Sold 1. Calculate the company's ROI. Round all of your answers to four decimal places. Supplies 4,000 3,400 Gross Profit 400,000 319,800 Property, Plant, and Equipment, net 220,800 2. Calculate the company's profit margin ratio. Interpret your results. 300,000 Operating Expenses 141,000 116,000 Calculate the company's asset turnover ratio. Interpret your results. Use the expanded ROl formula to confirm your results from Requirement 1. Interpret your results. 5 3. Patents, net Operating Income 100,000 4. 584,000 $ 416,000 Total Assets Other Income and (Expenses) Calculate the company's RI. Interpret your results. Liabilities and Stockholders' Equity (1,500) Interest Expense Accounts Payable $ 20,000 $ 22,000 Income Before Income Tax Expense 98,500 Short-term Notes Payable 139,000 45,000 Print Done 34,475 Income Tax Expense 117,500 Long-term Notes Payable 187,000 64,025 Net Income 223,000 227,000 Common Stock, no Par 15,000 4,500 Retained Earnings Choose from any list or enter any number in the input fields and then click Check Answer 416,000 584,000 $ Print Done Total Liabilities and Stockholders' Equity parts remaining 10 Drint Dong