Macon Mills is a division of Bolin Products, Inc. During the most recent year, Macon had a net income of $45 million. Included in the income was interest expense of $3,300,000. The company's tax rate was 40%. Total assets were $472 million, current liabilities were $103,000,000, and $71,000,000 of the current liabilities are noninterest bearing. What are the invested capital and ROI for Macon? Enter your answer in whole dollar. Round "ROI" answer to two decimal places. Invested Capital $________ ROI _______%
Macon Mills is a division of Bolin Products, Inc. During the most recent year, Macon had a net income of $45 million. Included in the income was interest expense of $3,300,000. The company's tax rate was 40%. Total assets were $472 million, current liabilities were $103,000,000, and $71,000,000 of the current liabilities are noninterest bearing. What are the invested capital and ROI for Macon? Enter your answer in whole dollar. Round "ROI" answer to two decimal places. Invested Capital $________ ROI _______%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Macon Mills is a division of Bolin Products, Inc. During the most recent year, Macon had a net income of $45 million. Included in the income was interest expense of $3,300,000. The company's tax rate was 40%. Total assets were $472 million, current liabilities were $103,000,000, and $71,000,000 of the current liabilities are noninterest bearing.
What are the invested capital and ROI for Macon? Enter your answer in whole dollar. Round "ROI" answer to two decimal places.
Invested Capital $________
ROI _______%
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