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OpenStax Principles of Accounting, Volume 2: Managerial Accounting Chapter 12: Balanced Scorecard and Other Performance Measures 3.LO 12.3 Macon Mills is a division of Bolin
OpenStax Principles of Accounting, Volume 2: Managerial Accounting Chapter 12: Balanced Scorecard and Other Performance Measures 3.LO 12.3 Macon Mills is a division of Bolin Products, Inc. During the most recent year, Macon had a net income of $40 million. Total assets were $470 million, non-interest-bearing current liabilities were $72,000,000. What are the invested capital and ROI for Macon? Solution What is the invested capital (Total Assets - Non-Interest-Bearing Current Liabilities)? What is the ROI (Net Income/Invested Capital)
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