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Baker Industries' net income is $26,000, its interest expense is $6,000, and its tax rate is 40%. Its notes payable equa
Posted: Sun Jul 03, 2022 12:56 pm
by answerhappygod
- Baker Industries Net Income Is 26 000 Its Interest Expense Is 6 000 And Its Tax Rate Is 40 Its Notes Payable Equa 1 (52.65 KiB) Viewed 10 times
Baker Industries' net income is $26,000, its interest expense is $6,000, and its tax rate is 40%. Its notes payable equals $23,000, long-term debt equals $80,000, and common equity equals $255,000. The firm finances with only debt and common equity, so it has no preferred stock. What are the firm's ROE and ROIC? Round your answers to two decimal places. Do not round intermediate calculations. ROE ROIC % %