Tibbs IncHad the Following Data for the Most Recent Year: Net

question 17

Multiple Choice

Tibbs Inc.had the following data for the most recent year: 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%

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Definitions:

Business Ethics

Principles and moral values that guide the behavior and decision-making process of individuals and organizations in the business environment.

Regular Ethics

The study and application of moral principles and standards that guide everyday professional and personal conduct.

Shareholder

An individual or entity that owns at least one share of a company's stock, making them a partial owner of the company.

Stakeholder

An individual or entity with an interest or concern in a business or project, potentially affected by its outcomes.