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 $2,300,000. The company's tax rate was 40%. Total assets were $465 million, current liabilities were $108,000,000, 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 $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 $36 million. Included in the income was interest expense of $2,300,000. The company's tax rate was 40%. Total assets were $465 million, current liabilities were $108,000,000, 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 $fill in the blank 1 ROI fill in the blank 2%
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 3PA: Macon Mills is a division of Bolin Products. Inc. During the most recent year, Macon had a net...
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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 $2,300,000. The company's tax rate was 40%. Total assets were $465 million, current liabilities were $108,000,000, and $71,000,000 of the current liabilities are noninterest bearing.
What are the invested capital and
Invested Capital | $fill in the blank 1 |
ROI | fill in the blank 2% |
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