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. The most recent balance sheet for Canada Canneries, Inc. showed $3,600,000 in assets, $2,000,000 of which was paid for with stockholders' equity. The most

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. The most recent balance sheet for Canada Canneries, Inc. showed $3,600,000 in assets, $2,000,000 of which was paid for with stockholders' equity. The most recent income statement showed Earnings Before Interest and Taxes (EBIT, or Operating Income) of $570,000, and net income of $340,000. Income tax was paid at a 24% average rate. What was Return on invested Capital (ROIC) for the year? O A. 19.211% B. 7.178% O C. 12.033% D. 9.444% O E.21.660%

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