1- Why is return on invested capital one of the most relevant measures of company performance? How do we use this measure in our analysis of financial statements?2- Why is interest expense ignored whe

1- Why is return on invested capital one of the most relevant measures of company performance? How do we use this measure in our analysis of financial statements?

2- Why is interest expense ignored when computing return on net operating assets (RNOA)?

3- What is the major difference between return on net operating assets and return on common equity?

4- How is the equity growth rate computed? What does it measure?