Baker Industries’ net income is $23,000, its interest expense is $6,000, and its tax rate is...

Baker Industries’ net income is $23,000, its interest expense is $6,000, and its tax rate is 45%. Its notes payable equals $25,000, long-term debt equals $70,000, and common equity equals $245,000. The firm finances with only debt and common equity, so it has no preferred stock. What are the firm’s ROE and ROIC? Round your answers to two decimal places. Do not round intermediate calculations.

ROE = ?

ROIC = ?

Expert Solution

jeff jeffy answered 1 year ago

Baker Industries’ net income is $23,000, its interest expense is $4,000, and its tax rate is...

Baker Industries’ net income is $23,000, its interest expense is $4,000, and its tax rate is 40%. Its notes payable equals $25,000, long-term debt equals $80,000, and common equity equals $260,000. The firm finances with only debt and common equity, so it has no preferred stock. What are the firm’s ROE and ROIC? Do not round intermediate calculations. Round your answers to two decimal places. ROE % ROIC %

4.7 Baker Industries’ net income is $24,000, its interest expense is $6,000, and its tax rate...

4.7 Baker Industries’ net income is $24,000, its interest expense is $6,000, and its tax rate is 25%. Its notes payable equals $23,000, long-term debt equals $70,000, and common equity equals $245,000. The firm finances with only debt and common equity, so it has no preferred stock. What are the firm’s ROE and ROIC? Do not round intermediate calculations. Round your answers to two decimal places. ROE: % ROIC: %

Baker Industries’ net income is $27000, its interest expense is $5000, and its tax rate is...

Baker Industries’ net income is $27000, its interest expense is $5000, and its tax rate is 40%. Its notes payable equals $24000, long-term debt equals $70000, and common equity equals $260000. The firm finances with only debt and common equity, so it has no preferred stock. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. What are the firm’s ROE and ROIC? Round your...

Baker Industries’ net income is $21,000, its interest expense is$4,000, and its tax rate is...

Baker Industries’ net income is $21,000, its interest expense is $4,000, and its tax rate is 25%. Its notes payable equals $23,000, long-term debt equals $80,000, and common equity equals $255,000. The firm finances with only debt and common equity, so it has no preferred stock. What are the firm’s ROE and ROIC? Do not round intermediate calculations. Round your answers to two decimal places.

Baker Industries’ net income is $25,000, its interest expense is $4,000, and its tax rate is...

Baker Industries’ net income is $25,000, its interest expense is $4,000, and its tax rate is 45%. Its notes payable equals $25,000, long-term debt equals $80,000, and common equity equals $255,000. The firm finances with only debt and common equity, so it has no preferred stock. What are the firm’s ROE and ROIC? Round your answers to two decimal places. Do not round intermediate calculations. ROE % ROIC %

Baker Industries’ net income is $25000, its interest expense is $6000, and its tax rate is...

Baker Industries’ net income is $25000, its interest expense is $6000, and its tax rate is 45%. Its notes payable equals $26000, long-term debt equals $70000, and common equity equals $250000. The firm finances with only debt and common equity, so it has no preferred stock. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet What are the firm’s ROE and ROIC?...

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

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. The firm finances with only debt and common equity, so it has no preferred stock. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. What are the firm’s ROE and ROIC? Round your...

Baker Industries’ net income is $26000, its interest expense is $4000, and its tax rate is...

Baker Industries’ net income is $26000, its interest expense is $4000, and its tax rate is 35%. Its notes payable equals $24000, long-term debt equals $75000, and common equity equals $255000. The firm finances with only debt and common equity, so it has no preferred stock. What are the firm’s ROE and ROIC? Round your answers to two decimal places. Do not round intermediate calculations. ROE and ROIC Net income $26,000 Interest expense $4,000 Tax rate 35.00% Notes payable $24,000...

ROE AND ROIC Baker Industries’ net income is $26,000, its interest expense is $5,000, and its...

ROE AND ROIC Baker Industries’ net income is $26,000, its interest expense is $5,000, and its tax rate is 40%. Its notes payable equals $23,000, long-term debt equals $70,000, and common equity equals $240,000. The firm finances with only debt and common equity, so it has no preferred stock. What are the firm’s ROE and ROIC? Round your answers to two decimal places. Do not round intermediate calculations. ROE % ROIC %

Revenues = 1,080; Costs = 306; Tax rate = 0.26; Interest Expense = 51; Net Income...

Revenues = 1,080; Costs = 306; Tax rate = 0.26; Interest Expense = 51; Net Income = 288; What is the amount of Depreciation? Enter value to the nearest penny.

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