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Company x Y Z has the following financial information for the fiscal year ended December 3 1 , 2 0 2 3 : NOPAT (

Company xYZ has the following financial information for the fiscal year ended December 31,2023:
NOPAT (Net.Operating Profit After Tax): $6,000
Average Total Assets: $50,000
Average Current Liabilities: $10,000
Average Non-Interest-Bearing Current Liabilities: $5,000
Average Equity: $25,000
Calculate the Return on Invested Capital (ROIC) for Company XYZ. This problem requires you to interpret the balance sheet items listed. You are looking for total long term capital for the return on invested capital. Also note that in this equation, you should use as NOPAT as the numerator, not net income. If you conduct and internet search, you will probably see net income as the numerator in the ROIC calculation.
Enter the answer as a percentage but with no % sign. For example, enter 25.4 for 25.4% or for .254).
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