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 investment 200
Stockholders’ equity 1,800
Debt 700
Total net operating capital 2,300
What is the Return on invested capital (ROIC) for the current year?
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Net Income $ 300
Net operating profit after taxes (NOPAT) 400
Total assets 2,900
Short-term investment 200
Stockholders’ equity 1,800
Debt 700
Total net operating capital 2,300
What is the Return on invested capital (ROIC) for the current year?
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