Map Apply Search/AZ Sites A Hide Time Remaining A Question 5 of 25 5 Points The most recent balance sheet for California Calorie Control Centers, Inc., showed $12,500,000 in assets, $7,500,000 of which was paid for with stockholders' equity. The most recent income statement showed Earnings Before Interest and Taxes (EBIT, or Operating Income) of $2,750,000, and net income of $1,100,000. Income tax was paid at a 23% average rate. What was Return on invested Capital (ROIC) for the year? A 23.716% B. 6.776% C. 16.940% D. 28.2339 E. 8.800% Reset selection > 619 PM 6/26/20 hop