Calculating Average Operating Assets, Margin, Turnover, and Return on Investment

East Mullett Manufacturing earned operating income last year as shown in the following income statement:

Sales	$531,250
Cost of goods sold	280,000
Gross margin	$251,250
Selling and administrative expense	196,800
Operating income	$54,450
Less: Income taxes (@ 40%)	21,780
Net income	$32,670

At the beginning of the year, the value of operating assets was $390,000. At the end of the year, the value of operating assets was $460,000.

Required:

For East Mullett Manufacturing, calculate the following:

1. Average operating assets	$
2. Margin (round to two decimal places)		%
3. Turnover (round to two decimal places)
4. Return on investment (round to one decimal place)