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Macon Mills is a division of Bolin Products, Inc. During the most recent year, Macon had a net income of $39 million. Included in the income was interest expense of $3,300,000. The company's tax rate was 40%. Total assets were $475 million, current liabilities were $107,000,000, and $70,000,000 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 $fill in the blank 1   ROI fill in the blank 2%

Macon Mills is a division of Bolin Products, Inc. During the most recent year, Macon had a net income of $39 million. Included in the income was interest expense of $3,300,000. The company's tax rate was 40%. Total assets were $475 million, current liabilities were $107,000,000, and $70,000,000 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 $fill in the blank 1   ROI fill in the blank 2%

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 20E
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    Macon Mills is a division of Bolin Products, Inc. During the most recent year, Macon had a net income of $39 million. Included in the income was interest expense of $3,300,000. The company's tax rate was 40%. Total assets were $475 million, current liabilities were $107,000,000, and $70,000,000 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 $fill in the blank 1  
    ROI fill in the blank 2%
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