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Tibbs Inc. had the following data for the most recent year: Net income = $ 3 0 0 ; Net operating profit after taxes (

Tibbs Inc. had the following data for the most recent year: Net income =$300; Net operating profit after taxes (NOPAT)= $400; Total assets =$2.500; Short-term investments =$200; Stockholders' equity =$1,800; Total debt =$700; and Total operating capital = $2,300. What was its return on invested capital (ROIC)?
14.91%
15.70%
16.52%
17.39%
18.26%
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