Spencer inc has the following information for the current, Financial Management

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Spencer inc has the following information for the current

Spencer Inc. has the following information for the current year: Net income = $600; Net operating profit after taxes (NOPAT) = $800; Total assets = $5,000; Short-term investments = $500; Stockholders equity = $3,000; Debt = $2,000; and Total net operating capital = $3200. Spencer’s cost of capital is 10%. 1. What is the Return on invested capital (ROIC) for the current year?

A. 15.0%

B. 20.0%

C. 24.0%

D. 25.0%

E. 30.0%

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Financial Management: Spencer inc has the following information for the current

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