Multiple Choice
Spencer Inc. has the following information for the current year: Net income = $600; Net operating profit after taxes (NOPAT) = $500; Total assets = $4,000; Short-term investments = $500; Stockholders equity = $2,000; Debt = $1,000; and Total net operating capital = $2500. What is the Return on invested capital (ROIC) for the current year?
A) 15.0%
B) 20.0%
C) 24.0%
D) 25.0%
E) 30.0%
Correct Answer:
Verified
Correct Answer:
Verified
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