Question

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 $37 million. Included in the income was interest expense of $2,700,000. The company's tax rate was 40%. Total assets were $469 million, current liabilities were $99,000,000, 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%
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
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 $36 million. Included in the income was interest expense of $2,400,000. The company's tax rate was 40%. Total assets were $466 million, current liabilities were $106,000,000, and $68,000,000 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 $  ...
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.
Runner Mills is a division of Iowa Woolen Products. For the most recent year, Runner had...
Runner Mills is a division of Iowa Woolen Products. For the most recent year, Runner had net income of $18,000,000. Included in income was interest expense of $1,260,000. The operation’s tax rate is 20 percent. Total assets of Runner Mills are $211,500,000, current liabilities are $46,800,000, and $32,400,000 of the current liabilities are noninterest bearing. Calculate NOPAT, invested capital, and ROI for Runner Mills. (Round ROI to 2 decimal places, e.g. 15.25.) NOPAT $19,008,000 Invested capital $179,100,000 ROI 10.61% Can...
For fiscal year 2017, Crown Point Products had income as follows: Sales $56,000,000 Less: Cost of...
For fiscal year 2017, Crown Point Products had income as follows: Sales $56,000,000 Less: Cost of goods sold 38,200,000 Selling and administrative expense 5,610,000 Interest expense 1,010,000 Income before taxes 11,180,000 Less income taxes 3,913,000 Net income $7,267,000 Total assets were $96,000,000, and noninterest-bearing current liabilities were $3,600,000. The company has a required rate of return on invested capital equal to 10 percent. Calculate NOPAT, invested capital, and ROI for Crown Point Products. (Round ROI to 2 decimal places, e.g....
For fiscal year 2017, Crown Point Products had income as follows: Sales $54,000,000 Less: Cost of...
For fiscal year 2017, Crown Point Products had income as follows: Sales $54,000,000 Less: Cost of goods sold 38,200,000 Selling and administrative expense 5,670,000 Interest expense 1,030,000 Income before taxes 9,100,000 Less income taxes 3,185,000 Net income $5,915,000 Total assets were $95,000,000, and noninterest-bearing current liabilities were $3,500,000. The company has a required rate of return on invested capital equal to 12 percent. Calculate NOPAT, invested capital, and ROI for Crown Point Products. (Round ROI to 2 decimal places, e.g....
A condensed income statement for the Commercial Division of Maxell Manufacturing Inc. for the year ended...
A condensed income statement for the Commercial Division of Maxell Manufacturing Inc. for the year ended December 31, 20Y9, is as follows: Sales $3,500,000 Cost of goods sold (2,480,000) Gross profit $1,020,000 Operating expenses (600,000) Operating income $420,000 Invested assets $2,500,000 Assume that the Commercial Division received no allocations from support departments. The president of Maxell Manufacturing has indicated that the division’s return on a $2,500,000 investment must be increased to at least 21% by the end of the next...
Megatronics Corporation, a massive retailer of electronic products, is organized in four separate divisions. The four...
Megatronics Corporation, a massive retailer of electronic products, is organized in four separate divisions. The four divisional managers are evaluated at year-end, and bonuses are awarded based on ROI. Last year, the company as a whole produced a 13 percent return on its investment. During the past week, management of the company’s Northeast Division was approached about the possibility of buying a competitor that had decided to redirect its retail activities. (If the competitor is acquired, it will be acquired...
For fiscal year 2018, Hiroole Department Store had net income of $6,060,000. Interest expense was $2,272,500,...
For fiscal year 2018, Hiroole Department Store had net income of $6,060,000. Interest expense was $2,272,500, and the company’s tax rate on income was 40 percent. Total assets were $80,827,000, and noninterest-bearing current liabilities were $7,188,000. The company’s cost of capital (required rate of return) is 10 percent. Calculate NOPAT, invested capital, and residual income for Hiroole Department Store. (Enter negative answers preceding either - sign, e.g. -45 or in parentheses, e.g. (45).) NOPAT $ Invested capital $ Residual income...
Megatronics Corporation, a massive retailer of electronic products, is organized in four separate divisions. The four...
Megatronics Corporation, a massive retailer of electronic products, is organized in four separate divisions. The four divisional managers are evaluated at year-end, and bonuses are awarded based on ROI. Last year, the company as a whole produced a 14 percent return on its investment. During the past week, management of the company’s Northeast Division was approached about the possibility of buying a competitor that had decided to redirect its retail activities. (If the competitor is acquired, it will be acquired...
1. Aguilera Industries is a division of a major corporation. Data concerning the most recent year...
1. Aguilera Industries is a division of a major corporation. Data concerning the most recent year appears below:   Sales $18,310,000     Net operating income $1,171,840     Average operating assets $5,550,000   The division's turnover is closest to: (Round your answer to 2 decimal places.) 15.63 3.30 0.21 4.74 1b. Aguilera Industries is a division of a major corporation. Data concerning the most recent year appears below:   Sales $18,280,000     Net operating income $712,920     Average operating assets $4,360,000   The division's return on investment (ROI) is...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT