East Mullett Manufacturing earned operating income last year as shown in the following income statement: DATA Sales Cost of goods sold Gross margin Selling and administrative expense Operating income $4,100,000 2,350,000 $1,750,000 1,100,000 $650,000 Less: Income taxes (@40%) 260,000 Net Income $390,000 Value of operating assets at the beginning of the year $1,600,000 Value of operating assets at the end of the year $1,400,000 Using formulas and cell references, perform the required analysis, and input your answers into the Amount column. Transfer the numeric results for the green entry cells (B20:B23) into the appropriate fields in CNOWv2 for grading. Required: Average operating assets 2. Margin Turnover Return on investment Amount Formulas