Elway Company provided the following income statement for the last year: Sales $1,040,000,000 Less: Variable expenses 700,250,000 Contribution margin $ 339,750,000 Less: Fixed expenses 183,750,000 Operating income $ 156,000,000 At the beginning of last year, Elway had $28,300,000 in operating assets. At the end of the year, Elway had $23,700,000 in operating assets.

Required:

1. Compute average operating assets. $_______

2. Compute the margin (as a percent) and turnover ratios for last year. Margin ______ % Turnover

3. Compute ROI as a percent. %

4. ROI measures a companys ability to generate relative to its investment in _________