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insens350 [35]
3 years ago
10

Tibbs Inc. had the following data for the year ending 12/31/07: Net income = $300; Net operating profit after taxes (NOPAT) = $4

00; 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)?
Business
1 answer:
creativ13 [48]3 years ago
4 0

Answer:

17.39%

Explanation:

ROIC = NOPAT / Total net operating capital

ROIC = $400 / $2,300

ROIC = 0.17391304

ROIC = 17.391304%

Hence, the ROIC is 17.39%

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irga5000 [103]

Answer:

Hope's gross income = $5000 + $10,000 = $15,000

Explanation:

First, we need to highlight what are qualified education expenses especially for tax-free fellowships and scholarships.

Specifically, the qualified expenses that will be tax exempt will be

The tuition and fees which are requirements to go to an eligible school or institution

Other course related expenses required for courses in such institutions such as books equipment and supplies are also tax exempt.

<u>However, room and board, research travel and other expenses that are not required for courses in the institution are not tax free</u>

Based on this analysis:

Hope's initial earning on campus = $5000

However, $10,000 spent on room and board are not required for enrolment in the school, hence, it will be added to the earnings to make the gross income

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lutik1710 [3]
I am going to say b but idk
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Snezhnost [94]
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A local movie theater had small cups of popcorn sitting on the counter where patrons purchased tickets. The cups were called "co
Gala2k [10]

Option D

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<h3><u>Explanation: </u></h3>

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