Excel Online Structured Activity. ROE and ROIC Baker Industries net income is $23000, its interest expense is $4000, and its tax rate is 35. Its notes payable quali $25000, long-term debt quals $70000, and commun equity equals $25000. 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 x . What are the firm's ROE and ROIC Hound your answer to two decimal place. Do not round intermediate calculation ROE ROIC Check My Work Reset Prib B C D ROE and ROIC Net income Interest expense Tax rate Notes payable Long-term debt Common equity $23,000 $4,000 35.00% $25,000 $70,000 $255,000 Formulas #N/A ROE #N/A $4,000.00 #N/A #N/A $23,000.00 2 Partial Income Statement: 3 EBIT 4. Interest 5 EBT 6 Taxes 17 Net income 18 19 Capital Summary: 20 Notes payable 21 Long-term debt 22 Common equity Total invested capital $25,000.00 $70,000.00 $255,000.00 #N/A 23 24 #N/A 25 ROIC 26 27