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Macon Mills is a division of Bolin Products, Inc. During the most recent year, Macon had...

Macon Mills is a division of Bolin Products, Inc. During the most recent year, Macon had a net income of $41 million. Included in the income was interest expense of $3,100,000. The company's tax rate was 40%. Total assets were $474 million, current liabilities were $103,000,000, and $73,000,000 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.

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Answer #1

Calculation of ROI of Macon Mills Division

Amount $
Net Income after Tax            4,10,00,000
Interest Expense                31,00,000
Total Return (A)            4,41,00,000
Total Assets          47,40,00,000
Non Interest bearing current liabilities          (7,30,00,000)
Invested capital (B)          40,10,00,000
Return on Investment (A)/(B)*100 11.00%
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