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Stan's Balloon Rides had net sales of $280,611 and the cost of goods sold were $110,900. Operating expenses were $45,315 and owner's equity is $423,600.

Stan's Balloon Rides had net sales of $280,611 and the cost of goods sold were $110,900. Operating expenses were $45,315 and owner's equity is $423,600. Calculate the return on investment. (Round to the nearest tenth)

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