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Bubbas Fish Bait, Inc. has the following information for the current year: Net income = $300; Net operating profit after taxes (NOPAT) = $400; Total

Bubbas Fish Bait, 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 investments = $200; Stockholders equity = $1,800; Debt = $1,100; and Total operating capital = $2500. What is the Return on invested capital (ROIC) for the current year?

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