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Elway Company provided the following income statement for the last year: Sales $ 7 8 2 , 2 9 0 , 0 0 0 Less:
Elway Company provided the following income statement for the last year: Sales $ Less: Variable expenses Contribution margin $ Less: Fixed expenses Operating income $ At the beginning of last year, Elway had $ in operating assets. At the end of the year, Elway had $ in operating assets. Required: Compute average operating assets. $fill in the blank Compute the margin as a percent and turnover ratios for last year. If required, round your answers to two decimal places. Margin fill in the blank Turnover fill in the blank Compute ROI as a percent. Use the part final answers in these calculations and round the final answer to two decimal places.
Elway Company provided the following income statement for the last year:
Sales $
Less: Variable expenses
Contribution margin $
Less: Fixed expenses
Operating income $
At the beginning of last year, Elway had $ in operating assets. At the end of the year, Elway had $ in operating assets.
Required:
Compute average operating assets.
$fill in the blank
Compute the margin as a percent and turnover ratios for last year. If required, round your answers to two decimal places.
Margin fill in the blank
Turnover fill in the blank
Compute ROI as a percent. Use the part final answers in these calculations and round the final answer to two decimal places.
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