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Margin, Turnover, Return on investment, A ge Operating Assets Elway Company provided the following income...

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Accounting

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Margin, Turnover, Return on investment, A ge Operating Assets Elway Company provided the following income statement for the last year: Sales $838,970.000 Less: Variable expenses 550.079.000 Contribution margin S 891,000 Less: Flowed expenses 193,261,000 Operating income $95.620,000 At the beginning of last year, Elway had $38,657,000 in operating assets. At the end of the year, Elway had $41,355,000 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 4. RO measures a company's ability to generate income relative to its Investment in greater the ROI, the more effidently the Check My Work Previous Next > Otae 9 D 4 do .25 NM/

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