Compute the return on invested capital

Reference no: EM1359742

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 = $2,300.
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%

Reference no: EM1359742

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