Tibbs Inc.had the following data for the year ending 12/31/2015: 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 12/31/2015: 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 12/31/2015: Net