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4a. Calculate Sudsy's ROI for 2019. To calculate average total assets, use the December 31, 2018, balance sheet for the beginning balance and the budgeted
4a. Calculate Sudsy's ROI for 2019. To calculate average total assets, use the December 31, 2018, balance sheet for the beginning balance and the budgeted balance sheet for December 31, 2019, for the ending balance. Round all of vour answers to four derimal nlaces Decimal ROI: Using the data that you have compiled and or calculated in the previous requirements: 4a. Calculate Sudsy's ROI for 2019. To calculate average total assets, use the December 31, 2018, balance sheet for the beginning balance and the budgeted balance sheet for December 31, 2019, for the ending balance. Round all of our answers to four decimal places. 4b. Calculate Sudsy's profit margin ratio for 2019. Interpret your results. 4c. Calculate Sudsy's asset turnover ratio for 2019. Interpret your results. 4d. Use the expanded ROI formula to confirm your results from Requirement 10. Interpret your results. 4. Sudsy's management has specified a 30% target rate of return. Calculate Sudsey's RI for 2019. Interpret vour results. 46. Calculate Sudsy's profit margin ratio for 2019. Interpret your results. Decimal % Profit Margin Ratio: Interpretation: 4c. Calculate Sudsy's asset turnover ratio for 2019. Interpret your results. Decimal Asset Turnover Ratio: Interpretation: 4d. Use the expanded ROI formula to confirm your results from Requirement 10. Interpret your results. Expanded ROI: Interpretation: 4e. Sudsy's management has specified a 30% target rate of return. Calculate Sudsey's RI for 2019. Interpret your results. Residual Income: Interpretation: 314,823.10
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