$\text { Dolphin: Income Statement and Balance Sheet }$ $\$ \text { million }$

$\text { Dolphin: Income Statement and Balance Sheet }$
$\$ \text { million }$
$\begin{array}{lrr}\text { Ineome statement } & \text { Last year } & \text { Current year } \\\hline \text { Revenues } & 1,100 & 1,210 \\\text { Cost of sales } & (770) & (871) \\\text { Selling, general, and administrative } & (165) & (182) \\\text { Depreciation } & (33) &(36) \\\text { EBIT } & 132 & 121 \\\text { Interest expense } & (15) & (15) \\ \text {Gain/(loss) on sale of assets }&-&(10) \\ \text {EBT }&117&96\\\text {Taxes }&(35) &(29) \\\text {Net income }&82&67\\\\\text {Dividends }&33&27\\\end{array}$

$\begin{array}{lrr}\text { Balance sheet } & \text { Last year } & \text { Current year } \\\hline \text { Operating cash } & 22 & 24 \\\text { Excess cash and marketable securities } & 91 & 74 \\\text { Accounts receivable } & 220 & 242 \\\text { Inventory } & 330 & 363 \\\text { Current assets } & 663 & 703\\\\\text {Property, plant, and equipment }&440&484\\\text { Equity investments }&50&50\\\\ \text { Total assets}& 1,153 & 1,237 \\\\\text { Accounts payable } & 275 & 303 \\\text { Short-term debt } & 90 & 90 \\\text { Accrued expenses } & 165 & 182 \\\text { Current liabilities } & 530 & 574\\\\\text { Long-term debt } & 210 & 210 \\\text { Common stock } & 100 & 100 \\\text { Retsined earnings } & 313 & 353\\\\\text { Total liabilities and equity } & 1,153 & 1,237 \\\end{array}$
Refer to the preceding income statement and balances sheet for Dolphin, Inc. to answer the following question. Dolphin is a $600 million event promotion company that operates with a 30 percent operating tax rate.
-What are Dolphin's NOPLAT and ROIC for the current year,using average invested capital?

A) $82,13.6 percent.
B) $108.9,18.1 percent.
C) $92,15.4 percent.
D) $85,14.1 percent.