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What was the return on invested capital

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Reference no: EM132489260

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

Net income = $300;

Net operating profit after taxes (NOPAT) = $270;

Total assets = $2,500;

Short-term investments = $200;

Stockholders' equity = $1,800;

Total debt = $700; and

Total operating capital = $2,300.

Question 1: What was its return on invested capital (ROIC)?

Reference no: EM132489260

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