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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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