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Spencer Inc. has the following information for the current year: Net income = $600; Net operating profit after taxes (NOPAT) = $500; Total assets = $4,000; Short-term investments = $500; Stockholders equity = $2,000; Debt = $1,000; and Total net operating capital = $2500. What is the Return on invested capital (ROIC) for the current year?
Confront Witnesses
A legal right, particularly in criminal cases, that allows the accused to question and cross-examine witnesses testifying against them in court.
Sixth Amendment
An amendment to the U.S. Constitution guaranteeing the rights of criminal defendants, including the right to a speedy and public trial, an impartial jury, and the assistance of counsel.
Nolo Contendere
Latin for “I will not contest it.” A criminal defendant’s plea in which he or she chooses not to challenge, or contest, the charges brought by the government. Although the defendant will still be convicted and sentenced, the plea neither admits nor denies guilt.
Guilty
A legal term describing someone formally convicted of a crime by a court of law.
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