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 answers to two decimal places. Do not round intermediate calculations.

ROE

%

ROIC

%

Expert Solution

Please refer to below spreadsheet for calculation and answer. Cell reference also provided.

Cell reference -

jeff jeffy answered 1 year ago

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