The most recent balance sheet for California Calorie Control Centers, Inc., showed $12,500,000 in assets, $7,500,000 of which was paid for with stockholders' equity. The most recent income statement showed Earnings Before Interest and Taxes (EBIT, or Operating Income) of $2,750,000, and net income of $1,100,000. Income tax was paid at a 23% average rate. What was Return on invested Capital (ROIC) for the year? O A 23.716% OB.6.776% OC. 16.940% D. 28.233% O E. 8.800% Reset Selection 5 Points Question 6 of 25 22- 621 P E 21 2 O Search Priser