6. Tibbs Inc. had the following data for the year ending 12/31/18: Net income = $600; Net operating profit after taxes (NOPAT) = $610; Total assets = $2,500; Short-term investments = $200; Stockholders' equity = $1,800; Total debt = $700; and Total operating capital = $2,500. What was its return on invested capital (ROIC)?

a. 20.95%

b. 24.40%

c. 30.09%

d. 34.66%

11. LeCompte Corp. has $330,900 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $610,000, and its net income after taxes was $23,000. Stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 22%. What profit margin would LeCompte need in order to achieve the 22% ROE, holding everything else constant?

a. 13.665%

b. 12.115%

c. 11.934%

d. 10.775%