watson is a division of Bolin Products, Inc. During the most recent year, Watson had a net income of $39 million. Included in the income was an interest expense of $3,300,000. The company's tax rate was 40°%. Total assets were $475 million, current liabilities were $107,000,000, and $70,000,000 of the current liabilities are noninterest-bearing. What are the invested capital and ROI for Watson? Enter your answer in the whole dollar. Round "ROI" answer to two decimal places.

watson is a division of Bolin Products, Inc. During the most recent year, Watson had a net income of $39 million. Included in the income was an interest expense of $3,300,000. The company's tax rate was 40°%. Total assets were $475 million, current liabilities were $107,000,000, and $70,000,000 of the current liabilities are noninterest-bearing. What are the invested capital and ROI for Watson? Enter your answer in the whole dollar. Round "ROI" answer to two decimal places.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 3PA: Macon Mills is a division of Bolin Products. Inc. During the most recent year, Macon had a net...

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