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BRIEF EXERCISE 126 Calculating ROI [L02 CC4] The following information relates to Lionel Manufacturing Company for 2021: Original cost of assets as of January 1,

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BRIEF EXERCISE 126 Calculating ROI [L02 CC4] The following information relates to Lionel Manufacturing Company for 2021: Original cost of assets as of January 1, 2020 Useful life of assets Years of depreciation taken as of January 'I, 2021 {straightline} Operating income gross of depreciation for 2020 Estimated salvage value Required: What is the ROI for 2021. using the beginningofyear book value ofthe assets? $200,000 'IO years '| year $ 40,000 $ 0

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