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Tibbs Inc. had the following data for the most recent year: Net income = $300; Net...

Tibbs Inc. had the following data for the most recent year: Net income = $300; Net operating profit after taxes (NOPAT) = $120; 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)?

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Answer #1
$
Net Income 300
NOPAT 120
Total Assets 2500
ST-Investments 200
Equity 1800
Debt 700
Operating Capital 2300
ROIC? 5.2%
ROIC NOPAT/Operating Capital
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