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  3. margin, turnover, return on investment, average op

Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement...

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Accounting

Margin, Turnover, Return on Investment, Average Operating Assets
Elway Company provided the following income statement for the last year:
At the beginning of last year, Elway had $38,651,000 in operating assets. At the end of the year, Elway had $41,333,000 in operating assets.
Required:
Compute average operating assets.
s
Compute the margin (as a percent) and turnover ratios for last year. If required, round your answers to two decimal places.
Margin
%
Turnover
Compute ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places.
%
image

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