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Macon Mills is a division of Bolin Products, Inc. During the most recent year, Macon had a net income of $45 million. Included in the
Macon Mills is a division of Bolin Products, Inc. During the most recent year, Macon had a net income of $45 million. Included in the income was interest expense of $2,700,000. The company's tax rate was 40%. Total assets were $475 million, current liabilities were $108,000,000, 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.
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