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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)?

Respuesta :

Tundexi

Answer:

17.39%

Explanation:

ROIC = NOPAT / Total net operating capital

ROIC = $400 / $2,300

ROIC = 0.17391304

ROIC = 17.391304%

Hence, the ROIC is 17.39%

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