Tibbs Inc.had the following data for the year ending 12/31/07: Net income = $300; Net operating profit after taxes (NOPAT) = $400; 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)?
A)14.91%
B)15.70%
C)16.52%
D)17.39%
E)18.26%

Question

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The Answer of Tibbs Inc.had the following data for the year ending 12/31/07: Net income = $300; Net operating profit after taxes (NOPAT) = $400; 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)?
A)14.91%
B)15.70%
C)16.52%
D)17.39%
E)18.26%

Tibbs IncHad the Following Data for the Year Ending 12/31/07: Net