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Baker Industries’ net income is $24000, its interest expense is $6000, and its tax rate is...

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Finance

Baker Industries’ net income is $24000, its interest expense is$6000, and its tax rate is 45%. Its notes payable equals $25000,long-term debt equals $75000, and common equity equals $250000. Thefirm finances with only debt and common equity, so it has nopreferred stock. The data has been collected in the Microsoft ExcelOnline file below. Open the spreadsheet and perform the requiredanalysis to answer the questions below.

What are the firm’s ROE and ROIC? Round your answers to twodecimal places. Do not round intermediate calculations.
ROE
%
ROIC
%

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Baker Industries’ net income is $24000, its interest expense is$6000, and its tax rate is 45%. Its notes payable equals $25000,long-term debt equals $75000, and common equity equals $250000. Thefirm finances with only debt and common equity, so it has nopreferred stock. The data has been collected in the Microsoft ExcelOnline file below. Open the spreadsheet and perform the requiredanalysis to answer the questions below.What are the firm’s ROE and ROIC? Round your answers to twodecimal places. Do not round intermediate calculations.ROE%ROIC%

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