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%

---

Definitions:

Defective Receptors

Abnormal proteins on the surface of cells that impair the cell's ability to respond to stimuli.

Amplitude

In physics, amplitude refers to the maximum distance moved by a point or object from its equilibrium position in a periodic motion, such as in waves or vibrations.

Perceive

To become aware of, know, or identify by means of the senses.

Brightness

A perceptual attribute of light sources and colors that enables an observer to judge their intensity or illumination.