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Express Logistics provides the followinginformation: Operating income: $1,500,000 Net sales:$14,500,000 Average total assets: $1,850,000 Management's target rate of return: 25% What is thecompany's return oninvestment?

Express Logistics provides the followinginformation:

Operating income: $1,500,000

Net sales:$14,500,000

Average total assets: $1,850,000

Management's target rate of return: 25%

What is thecompany's return oninvestment? (Round your answer to two decimalplaces.)

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