Question 1. What is an example of return on invested capital being used as an internal management tool?
Question 2. What is an example of interest expense being ignored when computing return on net operating assets (RNOA)?
Question 3. What is the relation between return on net operating assets and sales? Consider both NOPAT sales and sales to net operating assets in your response.
Question 4. Describe the process and purpose of stress tests for banks in the U.S.