Multiple Choice
Tibbs Inc. has the following information for the current year: Net income = $300; Net operating profit after taxes (NOPAT) = $400; Total assets = $2,900; Short-term investments = $200; Stockholders equity = $1,800; Debt = $700; and Total net operating capital = $2300. What is the Return on invested capital (ROIC) for the current year?
A) 13.0%
B) 13.8%
C) 16.0%
D) 17.4%
E) 22.2%
Correct Answer:
Verified
Correct Answer:
Verified
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