Assets			Liabilities and Equity
Cash	12,000		Accounts payable	19,000
Marketable securities	4,000		Notes payable	8,000
Accounts receivable	9,000		Current liabilities	27,000
Inventory	29,000		Long-term debt	80,000
Current assets	54,000		Total liabilities	107,000
Machines	42,000		Paid-in capital	30,000
Real estate	60,000		Retained earnings	19,000
Net fixed assets	102,000		Equity	49,000
Total assets	156,000		Total liab. & equity	156,000

Line item	Value
Sales	720,000
Operating expenses	590,400
Depreciation	25,000
EBIT	104,600
Interest	8,000
Taxable income	96,600
Taxes (33%)	31,878
Net income	64,722

What is ROIC?