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CS Company has a profit margin of 1 1 % . Sales are $ 3 2 0 , 0 0 0 , net operating income

CS Company has a profit margin of 11%. Sales are $320,000, net operating income is $40,000, and average operating assets are $ 137,000. What is the company's return on investment (ROI)?(Please write the answer in decimal format and keep two decimals.)

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