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Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement for the last year Sales Less: Variable expenses Contribution margin
Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement for the last year Sales Less: Variable expenses Contribution margin i Less: Fixed expenses Operating Income $747,150,000 558,217,000 $188,933.000 192,250,000 $3,817,000 At the beginning of last year, Elway had $38,626,000 in operating assets. At the end of the year, Elway had $41,313,000 in operating vocets Required: 1. Compute average operating assets 39,969,500 2. Compute the margin Desa percent) and turnover ration for last year. If required, round your answers to two decimal places Margi Turnover 0.01 X 3. Compute R01 as a percent. Use the part 2 final anomers in these calculations and round the final anower to two decimal places
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