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:

Wrongful Action

An act or omission that infringes on the rights of others or is contrary to law.

Legal Right

An entitlement or privilege that is protected and enforced by a legal system.

Personal Property

Property that is movable; any property that is not real property; sometimes called personalty or chattel.

Economically Injurious Falsehood

A false statement made about a business or product that causes financial harm, also known as trade libel.