Macon Mills is a division of Bolin Products, Inc. During themost recent year, Macon had a net income of $36 million.Included in the income was interest expense of$3,200,000. The company's tax rate was 40%. Total assetswere $465 million, current liabilities were $99,000,000, and$69,000,000 of the current liabilities are noninterestbearing.What are the invested capital and ROI for Macon? Enteryour answer in whole dollar. Round "ROI" answer to twodecimal places.Invested Capital $ROI%

Invested capital refers to the amount that is raised by the company from the issue of securities…

Answered: What are the invested capital and ROI…

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 %

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 $36 million.
Included in the income was interest expense of
$3,200,000. The company's tax rate was 40%. Total assets
were $465 million, current liabilities were $99,000,000, and
$69,000,000 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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Subject: accounting