I am kind of a person who likes to keep things very very simple.
I am in search of a very simple formula to find ROIC of a business.When I say a simple formula for example - I use below formula to find ROE of a company.
ROE = (EPS/Book Value) * 100
I am having a tough time to find a similar simple & easy to understand formula for finding ROIC.
Hope you experienced guys can help me on this.