2.Tibbs Inc. had the following data for the year ending 12/31/20Y5: 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) for 20Y5?

Select one:

a.17.39%

b.15.70%

c.18.26%

d.16.52%

e.14.91%