Question

Consider the following condensed financial statements of Money Freedom, Inc. The company’s target rate of return is 10%.


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 yourresults.


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  • CreatedJanuary 16, 2015
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