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Macon Mills is a division of Bolin Products, Inc. During the most recent year, Macon had a net income of $39 million. Included in the

Macon Mills is a division of Bolin Products, Inc. During the most recent year, Macon had a net income of $39 million. Included in the income was interest expense of $3,000,000. The company's tax rate was 40%. Total assets were $469 million, current liabilities were $102,000,000, 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%

  1. eBook

    How can managers strive to increase their ROI?

    A.Sales revenue can be increased by increasing sales price per unit without losing volume, or by maintaining current sales price but increasing the volume of sales.

    B.Capital assets can be decreased by selling off assets such as equipment.

    C.Asset turnover can be increased by increasing sales revenue, or by decreasing the amount of capital assets.

    D.All of the above answers are correct.

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