Question: 7. Problem 4.07 (ROE and ROIC) eBook Problem Walk-Through Baker Industries' net income is $21,000, its interest expense is $4,000, and its tax rate is

7. Problem 4.07 (ROE and ROIC) eBook Problem Walk-Through Baker Industries' net income is $21,000, its interest expense is $4,000, and its tax rate is 25%. Its notes payable equals $26.000, long-term debt equals $75,000, 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: 96 ROIC: % Ch 04: End-of-Chapter Problems - Analysis of Financial Statements Back to Assignment ols Attempts 0 Average 0/2 7. Problem 4,07 (ROE and ROIC) eBook Problem Walk-Through Boker Industries net income is $21,000, its interest expense is $4,000, and its tax rate is 25%. Its notes payable equals 526,000, long-term debt equals $75,000, and common equity equals s260,000. 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: .000 ROIC I! ory Grade it Now Save & Continue

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