Mannisto, Inc., uses the FIFO inventory cost flow assumption. In the year of rising costs and prices, the firm reported net income of $1,500,000 and average assets of $10,000,000. If Mannisto had used the LIFO cost flow assumption in the same year, its cost of goods sold would have been $300,000 more than under FIFO.

Calculate the firm's ROI under each cost flow assumption (FiFO). (Enter your answers as percentages rounded to 1 decimal place (i.e., 12.2%)

FIFO LIFO

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ROI%%

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