Margin, Tumover, Return on investment, Average Operating Assets Elway Company provided the following income statement for the last year: Sales Lessi Variable expenses 5890,900,000 542,929,000 5337.971.000 195,277,000 142,694,000 Less: Fixed expenses Operating income At the beginning of last year Elway had $38.629.000 in operating assets. At the end of the year. Elway had $41.349.000 in operating assets 1. Compute average opersting assets 2. Compute the margin (es a percent) and turnover ratios for last year. If required, round your answers to two decimal places Margin Turnover 3. Compute RO1 as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places. 4. ROI measures a company's ability to generate from its assets. relative to its investment in assets. The greater the Rot, the efficiently the company is generating S. CONCEPTUAL CONNECTION Comment on why tha RO for Elmay Company is relatively high (as compared to the lower RO1 of a typical manufacturing company 1. Elway Company might be a service organi2abon with relatively few physical asserequired to generate its sales revenue and income. ROI will be higher when the factors that create a company'ssales or income are not formally recognizad as assets (o.g.human talent) Check My Work Next items 0.086 Save and Ext Submit Assignment for Grading