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Compute average operating assets and compute roi as percent

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Reference no: EM131110235

Assignment

Margin, Turnover, Return on Investment, Average Operating Assets

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

Sales

$1,040,000,000

Less: Variable expenses

700,250,000

Contribution margin

$ 339,750,000

Less: Fixed expenses

183,750,000

Operating income

$ 156,000,000

At the beginning of last year, Elway had $28,300,000 in operating assets. At the end of the year, Elway had $23,700,000 in operating assets.

Required:

1. Compute average operating assets.
2. Compute the margin (as a percent) and turnover ratios for last year.
3. Compute ROI as a percent.

Reference no: EM131110235

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