Secure Life, Inc. Comparative Balance Sheet As of December 31, 2018 and 2017 2018 2017 Assets Cash $ 76,000 $ 62,000 Accounts Receivable 61,400 26,800 600 200 Supplies Property, Plant, and Equipment, net Patents, net 305,000 204,000 163,000 101,000 Total Assets $ 606,000 $ 394,000 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 Requirements - X 1. 2. 3. 4. Calculate the company's ROI. 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 confirm your results from Requirement 1. Interpret your results. Calculate the company's RI. Interpret your results. 5. Print Done Data table Secure Life, Inc. Income Statement For the Year Ended December 31, 2018 Net Sales Revenue $ 6,000,000 Cost of Goods Sold 3,700,000 2,300,000 Gross Profit 2,000,000 Operating Expenses 300,000 Operating Income Other Income and (Expenses): Interest Expense (34,000) 266,000 Income Before Income Tax Expense Income Tax Expense 93,100 $ 172,900 Net Income Consider the following condensed financial statements of Secure Life Inc. The company's target rute of rotum is 30% (Click the icon to view the comparative balance sheet.) Click the loon to view the income statement.) Read the requirements CHE 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 calculation to our decimal places and enter your final to the nearest hundredth of a percent, XXX%) ROI %