Answer
The ball’s speed is 120 km/hr when it returns, and the velocity is directed downward.
Work Step by Step
This is explained in Example 2-15. With no air resistance, it takes the same time for the ball’s velocity to change from 120 km/h to 0 (on the way up) as it does for its velocity to change from 0 to -120 km/h (on the way down).