question 2 the following data are available for a foundry operation started as a new...
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Accounting
question 2
the following data are available for a foundry operation started as a new company four years ago when the construction cost index was 125
current liabilities $170000
operating income $176200
NBV long term assets (end year 3) $687500
current assets $300000
GROSS BOOK VALUE $1100000
estimated total useful life 8 years
Age of assets 4 years
construction cost index end of year 4 150
of long term assets at historical cost
what is the ROI using current cost ?
1-12%
2-22.50%
3-(11.50)%
4-11.25%
5-16%
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