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Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement for the last year: Sales $814,390,000 541,110,000 Less: Variable expenses Contribution margin $273,280,000 193,291,000 Less: Fixed expenses Operating income $79.999,000 At the beginning of last year, Elway had $38,651,000 in operating assets. At the end of the year, Elway had $41,338,000 in operating Required: 1. Compute average operating assets $ 40,018,500 X 2. Compute the margin (as a percent) and turnover ratios for last year. If required, round your answers to two decimal places Margin 12.07 % Turnover 0.02 X 3. Compute ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places 24 X 4. Rol measures a company's ability to generate income relative to its investment in assets. The greater the ROI, the more generating from its assets S. CONCEPTUAL CONNECTION Comment on why the ROI forway Company is relatively high (as compared to the lower Rot of a typical Check My Work more Check My Work uses remaining All work saved Emailctor Save and be MacBook Air