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The following information was presented by User-friendly Industries Company for an asset purchased at the beginning of the previous year. Original cost of the asset

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The following information was presented by User-friendly Industries Company for an asset purchased at the beginning of the previous year. Original cost of the asset Useful life of the asset Annual operating profit, including depreciation Salvage value $24000 10 years $ 5,600 0 What is the return on investment (ROI) assuming User-Friendly (a) uses the straight-line method for depreciation and (b) beginning of year net book values to compute ROI? 11.1%. 23.3% 25.9% 30.4%

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