Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement for the last year: At the beginning of last year, Elway had $38,664,000 in operating assets. At the end of the year, Elway had $41,367,000 in operating assets. 1. Compute averaye operating assets 2. Compute the margin (as a percent) and turnover ratios for last year. If recuired, round your answers to two decimal places. Margin Tumover 3. Compute ROl as a percent. Use the part 2 final answers in theso colculations and round the final answer to two decimal places. 4. ROI measures a company's ability to generate company is generating from its assets. relative to its investment in assets. The greater the ROI, the efficienty the 5. CONCEPTUAL CONNECTION Comment on why the ROI for Elway Company is relatively high (as compared to the lower ROt of a typical manufacturing company). 1. Eway Company might be a service organization with relatively few physical assets required to generate its sales revenue and income. Rol will be higher when the tactors that create a company's sales or income are not formally recognized as assets (e.g. human talent). 2. Elway Company might be a service organization with relatively few physical assets required and generates an income much higher than any manufacturing. organization. ROI will be higher when the factors that create a company's sales or income are not formally recognized as assets (e.g. human talent). 3. Elway Company might be a service orgahiration with relatively few physical assets required and generates an income much higher than any manufacturing. organaration. ROI will be higher when the factors that create a company's sales or income are not formally recognized as assets (e.g. goodwili)