Question: Attempts: Keep the Highest: 12 7. Problem 4.07 Click here to read the book! Potential Misuses of Roe ROE AND ROIC Baker Industries net income

 Attempts: Keep the Highest: 12 7. Problem 4.07 Click here to

Attempts: Keep the Highest: 12 7. Problem 4.07 Click here to read the book! Potential Misuses of Roe ROE AND ROIC Baker Industries net income is $25,000, its interest expense is $6,000, and its tax rate is 45%. Its notes payable equals $23,000, long-term debt equa's $70,000, and common equity equats $260,000. The Tim 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

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