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)?

The return on invested capital (ROIC) was 24.4%

Explanation:

Return on invested capital is considered a profitability ratio that measures the return that investors earn from their invested capital.

Return on Invested Capital

= Net Operating Profit after Tax/Invested Capital

= Net Operating Profit after Tax/ Total operating capital  

= $610/$2,500

= 24.4%.

Therefore, The return on invested capital (ROIC) was 24.4%

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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