Margin, Turnover, Return on Investment, Average Operating Assets

Elway Company provided the following income statement for the last year:

Sales	$707,690,000
Less: Variable expenses	548,262,000
Contribution margin	$159,428,000
Less: Fixed expenses	194,198,000
Operating income	$-34,770,000

At the beginning of last year, Elway had $38,610,000 in operating assets. At the end of the year, Elway had $41,318,000 in operating assets.

Required:

1. Compute the margin (as a percent) and turnover ratios for last year. If required, round your answers to two decimal places.

Margin	%
Turnover

2. Compute ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places. %