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Tibbs Inc. had the following data for the year ended December 31,2020 : Net income = $500; Net operating profit after taxes ( NOPAT )=$600;

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Tibbs Inc. had the following data for the year ended December 31,2020 : Net income = $500; Net operating profit after taxes ( NOPAT )=$600; Total assets =$3,400; Short-term investments =$400; Shareholders' equity =$2,200; Total debt =$1,200; and Total operating capital =$2,850. What was its return on invested capital (ROIC)? Express your answer as a decimal to 3 decimal places, i.e instead of 10.5% put 0.105. Your

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