Macon Mills is a division of Bolin Products, Inc. During the most recent year, Macon had a net income of $44 million. Included in the income was interest expense of $2,900,000. The company's tax rate was 40%. Total assets were $470 million, current liabilities were $107,000,000, and $74,000,000 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...
Ridgewood Mills is a division of Iowa Woolen Products. For the most recent year, Ridgewood had net income of $20,000,000. Included in income was interest expense of $1,450,000. The operation’s tax rate is 40 percent. Total assets of Ridgewood Mills are $230,000,000, current liabilities are $52,400,000, and $36,000,000 of the current liabilities are noninterest bearing. Calculate NOPAT, invested capital, and ROI for Ridgewood Mills. (Round ROI to 2 decimal places, e.g. 15.25%.) NOPAT $ Invested capital $ ROI %
Duffy Dog Mills is a division of Iowa Woolen Products. For the most recent year, Duffy Dog had net income of $19,400,000. Included in income was interest expense of $1,460,000. The operation’s tax rate is 40 percent. Total assets of Duffy Dog Mills are $237,000,000, current liabilities are $51,100,000, and $37,000,000 of the current liabilities are noninterest bearing. Calculate NOPAT, invested capital, and ROI for Duffy Dog Mills. (Round ROI to 2 decimal places, e.g. 15.25%.) NOPAT $ Invested capital...
Toy Co Mills is a division of Iowa Woolen Products. For the most
recent year, Toy Co had net income of $20,600,000. Included in
income was interest expense of $1,490,000. The operation’s tax rate
is 40 percent. Total assets of Toy Co Mills are $236,000,000,
current liabilities are $52,000,000, and $35,000,000 of the current
liabilities are noninterest bearing.
Calculate NOPAT, invested capital, and ROI for Toy Co Mills.
(Round ROI to 2 decimal places, e.g.
15.25%.)
NOPAT
$
Invested capital...
Exercise 12-8 For fiscal year 2017, Golden Products had income as follows: $54,000,000 Sales Less: Cost of goods sold Selling and administrative expense Interest expense Income before taxes Less income taxes Net income 38,200,000 5,670,000 1,030,000 9,100,000 3,185,000 $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 Golden Products. (Round ROI to 2 decimal places, e.g....
For fiscal year 2017, Sweetwater Products had income as
follows:
Sales
$54,500,000
Less:
Cost of goods sold
38,200,000
Selling and administrative expense
5,750,000
Interest expense
1,010,000
Income before taxes
9,540,000
Less income taxes
3,339,000
Net income
$6,201,000
Total assets were $99,000,000, and noninterest-bearing current
liabilities were $3,500,000. The company has a required rate of
return on invested capital equal to 11 percent.
Calculate NOPAT, invested capital, and ROI for Sweetwater Products.
(Round ROI to 2 decimal places, e.g.
15.25%.)
NOPAT...
For fiscal year 2017, Crown Point Products had income as
follows:
Sales
$55,600,000
Less:
Cost
of goods sold
38,800,000
Selling and administrative expense
5,760,000
Interest expense
1,090,000
Income before taxes
9,950,000
Less income taxes
3,482,500
Net income
$6,467,500
Total assets were $99,000,000, and noninterest-bearing current
liabilities were $3,300,000. 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....
Dacker Products is a division of a major corporation. The following data are for the most recent year of operations Sales $37,880,000 $ 3,508,960 $ 9,400,000 Net operating income Average operating assets The company's minimum required rate of return 14% The division's margin used to compute ROI is closest to:
2.
Cabell Products is a division of a major corporation. Last year the division had total sales of $21,720,000, net operating income of $1,346,640, and average operating assets of $4,778,400. The company's minimum required rate of return is 15%. The division's margin is closest to: Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: Sales Net operating income Average operating assets The company's minimum required rate of return $38,380,000...
Exercise 12-9 For fiscal year 2018, Hiroole Department Store had net income of $6,090,000. Interest expense was $2,283,750, and the company's tax rate on income was 40 percent. Total assets were $74,848,000, and noninterest-bearing current liabilities were $6,268,500. 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 $...
Oscar Clemente is the manager of Forbes Division of Pitt, Inc.,
a manufacturer of biotech products. Forbes Division, which has
$4.05 million in assets, manufactures a special testing device. At
the beginning of the current year, Forbes invested $5.12 million in
automated equipment for test machine assembly. The division’s
expected income statement at the beginning of the year was as
follows:
Sales revenue
$
16,060,000
Operating costs
Variable
2,100,000
Fixed (all cash)
7,660,000
Depreciation
New equipment
1,560,000
Other
1,330,000
Division...