Test: Exam 3 Data table Requirements estion: 1 point(s) possible 1. Calculate the company's ROI. Round all of your answers to four decimal places. Data table 2. Calculate the company's profit margin ratio. Interpret your results. 3. 4. 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. 2024 2023 5. Calculate the company's RI. Interpret your results. Comparative Balance Sheet As of December 31, 2024 and 2023 Forever Free, Inc. Income Statement For the Year Ended December 31, 2024 Assets Net Sales Revenue Cash Accounts Receivable Supplies $ 64,000 $ 52,000 49,200 17,800 Print Done 1,000 400 Property, Plant, and Equipment, net 331,800 Patents, net 135,000 Total Assets $ 229,800 119,000 581,000 $ 419,000 mit margin rauo interpret your results Cost of Goods Sold Gross Profit Operating Expenses Operating Income Other Income and (Expenses) ofit margin ratio, and then enter the amounts to calculate the company's profit mar Interest Expense Liabilities and Stockholders' Equity Profit margin ratio Accounts Payable $ Short-term Notes Payable 17,000 $ 136,000 Long-term Notes Payable 184,000 19,000 42,000 114,500 % Income Before Income Tax Expense come Tax Expense they earn of Net Income for every dollar of Common Stock, no Par Retained Earnings 232,000 242,000 12,000 1,500 Total Liabilities and Stockholders' Equity $ 581,000 $ 419,000 set turnover ratio. Interpret your results. set turnover ratio, and then enter the amounts to calculate the company's asset tu = Asset turnover ratio Print Done Print Done S 3,500,000 2,200,000 1,300,000 950,000 350,000 (27,000) 323,000 113,050 $ 209,950