perating capital = $2,300. What was its return on invested capital (ROIC)? Select the correct answer.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Tibbs Inc. had the following data for the most recent year: Net income = $300; Net operating profit after taxes (NOPAT) = $380; Total assets = $2,500; Short-term investments = $200; Stockholders' equity = $1,800; Total debt = $700; and Total operating capital = $2,300. What was its return on invested capital (ROIC)?

Select the correct answer.

  a. 16.92%  
  b. 16.52%  
  c. 17.12%  
  d. 16.72%  
 

e. 16.32%

 

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