Question: Excel Online Structured Activity: ROE and ROIC Baker Industries net income is $27000, its interest expense is $4000, and its tax rate is 40%. Its
Excel Online Structured Activity: ROE and ROIC Baker Industries net income is $27000, its interest expense is $4000, and its tax rate is 40%. Its notes payable equals $25000, long-term debt equals $75000, and common equity equats $240000. The firm finances with only debt and common equity, so it has no preferred stock. The data had been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. . Open spreadsheet What are the firm's ROE and ROIC? Round your answers to two decimal places. Do not round intermediate calculations ROE 16 ROIC 9 Reset Problem Check My Work
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