11 Video Excel Online Structured Activity: ROE and ROIC Baker Industries' net income is $26000, its interest expense is $6000, and its tax rate is 35%. Its notes payable equals $23000, long-term debt equals $75000, and common equity equals $240000. 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 anwar the questions below. TERE Open spreadsheet What are the firm's ROE and ROIC? Round your answers to two decimal places. Do not round intermediate calculations. ROE ROIC Check My Work Resel Problem 0 E H $26.000 $6,000 35,00% $23.000 $75,000 $240,000 1 ROE and ROIC 2 Net Income 4 Interest expense 5 Tax rate 6 Notes payable 7 Long-term deb! 8 Common equity 9 10. ROE 11 12. Partial income Statement 13 EBIT 14 interest 15 EBT 16 Taxes 17 Not income Formulas 56.000.00 NA NA 525 000.00 523.000.00 $75.000.00 $240,000.00 19 Capital Summary 20 Notes payable 21 Long-term debt 27 Common equity 2 Total invested capital 24 25 ROIC 20 ANA NA