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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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