Consider the following condensed financial statements of Secure Life, Inc. The companys target rate of return is

Consider the following condensed financial statements of Secure Life, Inc. The company’s target rate of return is 12%.

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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SECURE LIFE, INC. Comparative Balance Sheet As of December 31, 2014, and 2013 SECURE LIFE, INC. Income Statement For the Year Ended December 31, 2014 2014 82,00 000Gross Proft 54,000 Sales Revenue 6,750,000 3200,000 3,550,000 1,525,000 2,025,000 (17,000) 2,008,000 (702,800) S 1,305,200 2013 Assets Cost of Goods Sold Cash Accounts Receivable Supplies Property, Plant, and Equipment, net Patents, net Total Assets 20,500 Operating Expenses 500 Operating Income 1,000 275,000 Other Expenses: Interest Expense 138,000 550,000 350,000 Incoma Tax Expense 99,000 Incorne Before income Tax Expense Net Income Liabilities and Stockholders Equity Accounts Payable Short term Notes Payable Long term Notas Payable Common Stodk, no Par Retained Earnings Total Liabilities and Stockholders' Equity 40,000 32,000 45,000 125,000 130,000 18,000 $ 550,000 $350,000 135,000 170,000 150,000 55,000