Margin, Turnover, Return on Investment, Average Operating Assets

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

Sales	$751,350,000
Less: Variable expenses	551,958,000
Contribution margin	$199,392,000
Less: Fixed expenses	191,814,000
Operating income	$7,578,000

At the beginning of last year, Elway had $38,643,000 in operating assets. At the end of the year, Elway had $41,318,000 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. %