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...

• 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)?