false Margin, Turnover, Return on Investment, Average Operating Assets Elway Com

Question

false Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement for the last year: $737,660,000 556,949,000 $180,711,000 196,840,000 $-16,129,000 Operating income At the beginning of last year, Elway had $38,678,000 in operating assets. At the end of the year, Elway had $41,346,000 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 0022x% Turnover 18.44 3. Compute ROI as a percent. Use the part 2 final answers in these calculations and round the final answer to two decimal places to its 4. ROI measures a company's ability to generate in assets. The areater the ROL, the 1019 AM dr .mo

Explanation / Answer

MARGIN = CONTRIBUTION MARGIN / NET SALES 180,711,000 / 737,660,000 24.50% ROI = SALES MARGIN * TURNOVER RATIO 24.50 % * 18.44 4.52%

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