Excel Online Structured Activity: ROE and ROIC

Baker Industries net income is $26000, its interest expense is $5000, and its tax rate is 40%. Its notes payable equals $26000, long-term debt equals $75000, 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.

What are the firms ROE and ROIC? Round your answers to two decimal places. Do not round intermediate calculations.

ROE
ROIC

ROE and ROIC \begin{tabular}{|lr} \hline Net income & $26,000 \\ \hline Interest expense & $5,000 \\ \hline Tax rate & 40.00% \\ \hline Notes payable & $26,000 \\ \hline Long-term debt & $75,000 \\ \hline Common equity & $250,000 \\ \hline \end{tabular} 0ROE Formulas 2 Partial Income Statement: \begin{tabular}{lll} 3 & EBIT & \\ 4 & Interest & $5,000.00 \\ 5 & EBT & \\ 6 & Taxes & \\ 7 & Net income & $26,000.00 \\ \hline \end{tabular} 9 Capital Summary: 0 12 4 4 6 7 7 8 9 0 0 \begin{tabular}{lr} Notes payable & $26,000.00 \\ \hline Long-term debt & $75,000.00 \\ Common equity & $250,000.00 \\ \hline Total invested capital & \\ \hline \hline \end{tabular} \#N/A ROIC \#N/A