4. Assume that the manager of the club is able to reduce average operating assets by $20,000 without any change in sales or net operating income. What would be the clubs return on investment (ROI)?

I tried to divide the NOI by the new avg OA and go 36.03% but it says that was wrong. Please help.

Chapter 10: Homework A Saved Help Save & Exit Submit Check my work 5 ! Required information Part 4 of 4 Par 4 of 4 Exercise 10-11 Effects of Changes in Profits and Assets on Return on Investment (ROI) (LO10-1) (The following information applies to the questions displayed below.) 2.5 points Fitness Fanatics is a regional chain of health clubs. The managers of the clubs, who have authority to make investments as needed, are evaluated based largely on return on investment (ROI). The company's Springfield Club reported the following results for the past year: eBook References Sales Net operating income Average operating assets $ 880,000 $ 29,040 $ 100,000 The following questions are to be considered independently. Exercise 10-11 Part 4 4. Assume that the manager of the club is able to reduce average operating assets by $20,000 without any change in sales or net operating income. What would be the club's return on investment (ROI)? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Return on investment (ROI) MC Graw Hill