Ivanhoe Corp. reported the following:
Beginning of year operating assets
$3,224,000
End of year operating assets
3,024,000
Contribution margin
1,024,000
Sales
5,024,000
Controllable fixed costs
617,880
Its required return is 11%.
Compute the company's ROI. (Round answer to 1 decimal place, e.g. 52.7%).
ROI
%