Question: Using the following data, estimate the new Return on Investment if there is a 12% increase in sales - with average operating assets as the

Using the following data, estimate the new Return on Investment if there is a 12% increase in sales - with average operating assets as the base.

Sales $2,418,141
Contribution margin 38%
Controllable fixed costs 342,600
Average operating assets $5,549,960

Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.

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