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Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement for the last year: Sales $854,220,000 Less: Variable expenses 550,558,000 Contribution margin $303,662,000 Less: Fixed expenses 197,656,000 Operating income $106,006,000 At the beginning of last year, Elway had $38,653,000 in operating assets. At the end of the year, Elway had $41,338,000 in operating ass 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. %