Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement for the last year: Sales $714,020,000 Less: Variable expenses 555,024,000 Contribution margin $158,996,000 Less: Fixed expenses 195,633,000 Operating income $-36,637,000 At the beginning of last year, Elway had $38,673,000 in operating assets. At the end of the year, Elway had $41,342,000 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 % Tumover 3. Compute ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places. 06