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Margin, Turnover, Return on Investment, Average Operating Assets

Elway Company provided the following income statement for the last year:

Sales	$874,920,000
Less: Variable expenses	548,380,000
Contribution margin	$326,540,000
Less: Fixed expenses	197,118,000
Operating income	$129,422,000

At the beginning of last year, Elway had $38,673,000 in operating assets. At the end of the year, Elway had $41,381,000 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	____

3. Compute ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places. ____%