Baker Industries net income is $ 2 7 0 0 0 , its interest expense is $

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Baker Industries

net income is $

27000,

its interest expense is $

4000,

and its tax rate is

40 % .

Its notes payable equals $

23000,

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? Round your answers to two decimal places. Do not round intermediate calculations.

Posted Date: May 18, 2024 11:07 AM

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Baker Industries net income is $ 2 7 0 0 0 , its interest expense is $

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