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 $851,260,000 $58,723,000 $292,537,000 195,495,000 Less: Fixed expenses Operating income $97,042,000 At the beginning of last year, Elway had $38,610,000 in operating assets. At the end of the year, Elway had $41,327,000 in operating assets. 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. 4. ROI measures a company's ability to genera the company is generating from its assets. 5. CONCEPTUAL CONNECTION Comment on wh Income dividend revenues relative to its investment in assets. The greater the ROI, the efficiently ompany is relatively high (as compared to the lower ROI of a typical manufacturing company). + Flway Company minht he a service.nenanfew,nhysical assets.renuired to nenerate its sales revenue and income pot will be hinher when the