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

Sales	$801,930,000
Less: Variable expenses	558,705,000
Contribution margin	$243,225,000
Less: Fixed expenses	191,762,000
Operating income	$51,463,000

At the beginning of last year, Elway had $38,690,000 in operating assets. At the end of the year, Elway had $41,352,000 in operating assets.

Required:

1. Compute average operating assets. $fill in the blank 1

2. 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 2 %
Turnover	fill in the blank 3

3. Compute ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places. fill in the blank 4 %

4. ROI measures a companys ability to generate

incomedividendrevenues

relative to its investment in assets. The greater the ROI, the

moreless

efficiently the company is generating from its assets.