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me following information on Goose Enterprises is to be used for questions 5 - 8 . table [ [ Balance Sheet as of 1

me following information on Goose Enterprises is to be used for questions 5-8.
\table[[Balance Sheet as of 12/31/2022,Income Statement for FY 2023],[Cash,$300,Sales,$1,000],[Inventory,$400,-Cost of Goods Sold,($300)],[Net PP&E,$1,300,Gross Profit,$700],[Total Assets,$2,000,-Depreciation,($100)],[,,-SG&A,($100)],[Accounts Payable,$300,EBIT,$500],[Debt,$700,-Interest,($150)],[Stockholders' Equity,$1,000,Earnings Before Tax,$350],[Total Liabilities and Stockholders' Equity,$ 2,000,-Taxes (20%),($70)],[,,Net Income,$280]]
Financial ratios requiring Balance Sheet items should use figures from year-end 2022. The tax rate is 20%.
5. The company's ROIC is equal to:
a.16.5%
b.20.0%
c.23.5%
d.25.0%
e.29.4%
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