Tibbs Inc Had the Following Data for the Year Ending 12/31/06

question 56

Multiple Choice

Tibbs Inc. had the following data for the year ending 12/31/06: Net income = $300; Net operating profit after taxes (NOPAT) = $400; Total assets = $2,500; Short-term investments = $200; Shareholders' 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%

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Definitions:

Moral Development

Moral development involves the changes in a person's sense of justice and moral reasoning as they grow, influenced by cultural, familial, and educational factors.

Principle-centred

An approach that bases personal and organizational behavior on enduring values and universal principles.

Organization's Best Interests

The activities, decisions, or policies that are considered most beneficial or advantageous for the overall success and sustainability of an organization.

Unethical Behaviour

Actions or decisions that violate moral principles or societal norms.