Excel Online Structured Activity: ROE and ROIC

Baker Industries' net income is $$26000,$ its interest expense is $$6000,$ and its

tax rate is $40\%.$ Its notes payable equals $$24000,$ 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.

ROIC