vity: ROE and ROIC Video Excel Online Structured Activity: ROE and ROIC Baker Industriesnet income is $23000, its interest expense is $5000, and its tax rate is 40%. Its notes payable equals $23000, long-term debt equals $70000, and common equity equals $245000. 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. ROE ROIC 9.39 % 11.28 83% Check My Work ROE and ROIC un AWN Net income Interest expense Tax rate Notes payable Long-term debt Common equity $23,000 $5,000 40.00% $23,000 $70,000 $245,000 9 Formulas #NA 10 ROE 12 #N/A 14 $5,000.00 Partial Income Statement EBIT Interest EBT Taxes Net income #NA UNA 16 $23,000.00 18 19 Capital Summary: Notes payable 21 Long-term debt Common equity Total invested capital $23,000.00 $70,000.00 $245,000.00 23 ROIC