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Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement for the last year: Sales $782,180,000 Less: Variable expenses 543,145,000

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Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement for the last year: Sales $782,180,000 Less: Variable expenses 543,145,000 Contribution margin $239,035,000 Less: Fixed expenses 191,265,000 Operating income $47,770,000 At the beginning of last year, Elway had $38, 610,000 in operating assets, at the end of the year, Elway had 541,379,000 in operating assets. Required:

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