Question
Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement for the last year: Sales $841,140,000 Less: Variable expenses 557,092,000
Margin, Turnover, Return on Investment, Average Operating Assets
Elway Company provided the following income statement for the last year:
Sales | $841,140,000 |
Less: Variable expenses | 557,092,000 |
Contribution margin | $284,048,000 |
Less: Fixed expenses | 193,147,000 |
Operating income | $90,901,000 |
At the beginning of last year, Elway had $38,665,000 in operating assets. At the end of the year, Elway had $41,365,000 in operating assets.
Required:
1. Compute average operating assets. $fill in the blank 1
2. Compute the margin (as a percent) and turnover ratios for last year. If required, round your answers to two decimal places.
Margin | fill in the blank 2 % |
Turnover | fill in the blank 3 |
3. Compute ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places. fill in the blank 4 %
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