Question: Based on the fact pattern below, answer the following four ( 4 ) questions. Fact Pattern: $ millions Working Capital Investments Increase in Working Capital

Based on the fact pattern below, answer the following four (4) questions. Fact Pattern: $ millions Working Capital Investments Increase in Working Capital Assets 45.0 Increase in Working Capital Liabilities 20.0 Capital Expenditures (40.0) Depreciation & Amortization (18.0) NOPAT 87.0 Invested Capital 525.0 Question 3 of 4: What is the return on invested capital %(ROIC) of the business? a.9% b.12.4% c 16.6% d.28.7%

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