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

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Accounting

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Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement for the last year: Sales Less: Variable expenses $708,000,000 544,362,000 $163,638,000 195,630,000 $-31,992,000 Contribution margin Less: Fixed expenses Operating income At the beginning of last year, Elway had $38,675,000 in operating assets. At the end of the year, Elway had $41,379,000 in operating assets. Required: 1. Compute average operating assets 2. 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

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