Answered: Enter your answer in whole dollar.…

Business

Accounting

Enter your answer in whole dollar. Round "ROI" answer to two decimal places. Invested Capital: ? ROI: ?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Macon Mills is a division of Bolin Products, Inc. During the most recent year, Macon had a net income of $43 million. Included in the income was interest
expense of $2,500,000. The company's tax rate was 40%. Total assets were $475 million, current liabilities were $108,000,000, and $69,000,000 of the
current liabilities are noninterest bearing.
What are the invested capital and RO1 for Macon?

Enter your answer in whole dollar. Round "ROI" answer to two decimal places.

Invested Capital: ?
ROI: ?

Formula Formula ROI (%) = Net Income Principal Amount × 100

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