A company has net operating profit after taxes (NOPAT) of $300,000 and invested capital of $2,000,000. Calculate the return on invested capital (ROIC). Discuss the significance of ROIC in evaluating a company’s efficiency in generating returns from its invested capital. Analyze the potential factors that could influence changes in ROIC, such as variations in NOPAT and invested capital. Consider the implications of a high or low ROIC for the company’s financial performance and investment attractiveness. Discuss the strategic importance of optimizing ROIC, including managing profitability, capital efficiency, and investment decisions. Explain how ROIC can be used in performance evaluation, benchmarking, and strategic decision-making. Discuss the limitations of ROIC and how it can be complemented with other financial metrics.