Return on Invested Capital

This is a “Return on Invested Capital” of financial part of a business plan, please write comment base on my questions and excel document (I apologize if this document does not contain everything needed)
Here are my personal questions for Return on Invested Capital (including equation)
ROIC = Net Income/ Invested Income
Invested capital = debt + equity
-Does the business make an adequate profit to justify investment?
-Generally, subtract cash and non-interested capital bearing current liabilities( including tax liabilities and accounts payable, as long as these are not subject to interest or fees- from total assets)
– probably negative first year or first two years, show each year Thank You