Residual Income = $23000

Operating income = 37,542

Cost of Capital = 12%

What is return on investment?

Don't round any intermediate calculations.Enter your answer to one decimal place.Do not use commas, percentage or dollar signs.

I cannot seem to get the right decimal to get it right.

my formula is 37542-23000=14542

14542*100/12 =121183.3333

37542/121183.3333=0.3097 *100= 30.9% I entered this number and it said I was wrong. Do I round the number or no? I dont have many attempts left.