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 $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 $  
ROI

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

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 $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.
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...
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....
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...
For the most recent year, Seether, Inc., had sales of $451,000, cost of goods sold of...
For the most recent year, Seether, Inc., had sales of $451,000, cost of goods sold of $218,000, depreciation expense of $57,700, and additions to retained earnings of $49,900. The firm currently has 36,000 shares of common stock outstanding, and the previous year’s dividends per share were $1.30. The income tax rate is 35 percent. What was the EBIT? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) EBIT            $ How much in total...
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...
Titus Inc. Segmented Income Statements For the Current Fiscal Year Ended December 31 Southeast Division Northwest...
Titus Inc. Segmented Income Statements For the Current Fiscal Year Ended December 31 Southeast Division Northwest Division Sales $4,400,000 $2,600,000 Cost of goods sold   2,400,000      1,500,000 Gross margin 2,000,000 1,100,000 Allocated overhead (from corporate) 600,000 370,000 Selling and administrative expenses      430,000      340,000 Operating income 970,000 390,000 Income tax expense (35%)      339,500        136,500 Net income 630,500 $   253,500 Required: (1)       Using the segmented income statements presented, determine the profit margin ratio for each division.           (2)       Assume the Southeast division had average operating assets totaling...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT