During the current year, Sokowski Manufacturing earned income of $390,000 from total sales of $6,500,000 and average capital assets of $13,000,000. What is the sales margin? If required, round your answer to one decimal place.

During the current year, Sokowski Manufacturing earned income of $390,000 from total sales of $6,500,000 and average capital assets of $13,000,000. What is the sales margin? If required, round your answer to one decimal place. %