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Business, 21.01.2020 01:31 JewelzSkullz

Tibbs inc. had the following data for the most recent year: net income = $300; net operating profit after taxes (nopat) = $220; 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)? select the correct answer. a. 10.47% b. 10.17% c. 9.57% d. 9.27% e. 9.87%

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