Tibbs Inc Has the Following Information for the Current Year: Net

question 59

Multiple Choice

Tibbs Inc. has the following information for the current year: Net income = $300; Net operating profit after taxes (NOPAT) = $400; Total assets = $2,900; Short-term investments = $200; Stockholders equity = $1,800; Debt = $700; and Total net operating capital = $2300. What is the Return on invested capital (ROIC) for the current year?

• A) 13.0%
• B) 13.8%
• C) 16.0%
• D) 17.4%
• E) 22.2%

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Definitions:

Cultural Pluralism

An approach that advocates for the mutual respect and tolerance of diverse cultural groups.

Collectivist

A cultural or societal framework that emphasizes the interdependence of individuals within their communities and values the needs and goals of the group over those of the individual.

Melting Pot

A metaphor for a society where many different types of people blend together as one.

Group

A number of individuals or things that are located, gathered, or classed together, often working towards common goals.