Mich. Admin. Code R. 460.19218 - Calculation of return on transportation investment
Rule 1218. When calculating the return on transportation investment, the base income subject to calculation shall not include income paid out in taxes or interest, but shall include the total working capital provided by investors and debt financiers as follows:
Return on investment in = Net carrier operating income/ transportation property Average net carrier operating property plus current assets minus current liabilities
Notes
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