Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement for the last year: Sales $807,470,000 Less: Variable expenses 553,910,000 Contribution margin $253,560,000 Less: Fixed expenses 198,858,000 Operating income $54,702,000 At the beginning of last year, Elway had $38,688,000 in operating assets. At the end of the year, Elway had $41,313,000 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. %