Question
Parks Inc. had the following data for the year ending 12/31/2x: Net income = $300; Net operating profit after taxes (NOPAT) = $300; Total assets
Parks Inc. had the following data for the year ending 12/31/2x: Net income = $300; Net operating profit after taxes (NOPAT) = $300; Total assets = $2,500; Short-term investments = $200; Shareholders equity = $1,800; NOWC = $1,000; Operating long-term assets $1,100. What was its return on invested capital (ROIC)?
| a. | 16.52% | |
| b. | 14.29% | |
| c. | 15.22% | |
| d. | 17.39% |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Management Core Concepts
Authors: Raymond Brooks
3rd Edition
0133866742, 9780133866742
