Based on the data given below, calculate the return on invested capital (ROIC). Net income = $300 NOPAT = $400 Short-term investments = $200 Stockholders' equity = $1,800 Total operating capital = $2,300 Group of answer choices   17.39% 14.91% 15.70% 16.67%

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Based on the data given below, calculate the return on invested capital (ROIC).

Net income = $300

NOPAT = $400

Short-term investments = $200

Stockholders' equity = $1,800

Total operating capital = $2,300

Group of answer choices
 
17.39%
14.91%
15.70%
16.67%
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