Question 1
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 = $2,800. What was its return on invested capital (ROIC)?
◦
19.96%
◦
20.07%
◦
21.43%
◦
22.39%
Question 2
To estimate a firm’s cash flow from operations, depreciation is added back to net income. Which of the following is true regarding depreciation?
◦
Depreciation is an extraordinary expense that is not always deducted when calculating net income, and it should not be added back to net income when calculating a firm’s cash flow from operations.
◦
Depreciation is an extraordinary expense that is not always deducted when calculating net income, and it must be added back to net income when calculating a firm’s cash flow from operations.
◦
Depreciation is a noncash expense resulting from the purchase of fixed assets, but it should not be added back to net income when determining a firm’s cash flow from operations.
◦
Depreciation is a noncash expense resulting from the purchase of fixed assets, and it must be added back to net income when determining a firm’s cash flow from operations.
Cyclic electron flow.
A woman in a net on a Congo shore. Although the importation of slaves was illegal after 1807, histor
Lean 6 Sigma - LHM Process Flow Diagram
The sensing wire in a typical hot wire mass air flow sensor.
Relationship between Latitude and Income per Capita
Relationship between Latitude and Income per Capita