1 ROE and ROIC 524 000 $8.000 45 00 $25.000 370.000 5245.000 Form NA Nu interest expense Tarte 0 No pay 7 Long term Common equity 9 LO HOE 11 12 Partial income Statement 13 14 st 15 EBT 16 Taxes 17 Not com 1 19 Capital Summary 20 Notes payable 21 Long terme 22 Common 23 To invested cap 24 A Short 56.00000 $2400000 52500000 $70,000.00 $245,000.00 Excel Online Structured Activity: ROE and ROIC Baker Industries' net income is $24000, Its Interest expense is $6000, and its tax rate is 45%. Its notes payable equals $25000, 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. HI Open.spreadsheet What are the firm's ROE and ROIC? Round your answers to two decimal places. Do not round intermediate calculations, ROE ROIC Check My Work Reset