What is the return on invested capital

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Reference no: EM13263276

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%

Reference no: EM13263276

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