NPV>0,如何得出ROIC>COC

问题如下：

The Bearing Corp. invests only in positive-NPV projects. Which of the following statements is true?

选项：

A.

Bearing’s return on invested capital (ROIC) is greater than its cost of capital (COC).

B.

Bearing’s COC is greater than its ROIC.

C.

We can’t reach any conclusions about the relationship between the company’s ROIC and COC.

解释：

A is correct. Since all of Bearing’s projects have a positive NPV, they are all providing a return that is greater than the opportunity cost of capital. Therefore, the ROIC must be greater than the COC.