Required information [The following information applies to the questions displayed below.] The managers of the XYZ clubs, who have the authority to make investments as needed, are evaluated based largely on return on investment (ROI). The company's X Club reported the following results for the past year: Sales Net operating income Average operating assets $ 790,000 $ 18,960 $ 100,000 The following questions are to be considered independently. 3. Assume that the manager of the club is able to reduce expenses by $3,160 without any change in sales or average operating assets. 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)