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4-8: Potential Misuses of ROE ROE and ROIC Hlyard industries' net income is $24,000 its interest expense is so ooo, and its tax rate is

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4-8: Potential Misuses of ROE ROE and ROIC Hlyard industries' net income is $24,000 its interest expense is so ooo, and its tax rate is 4S% its notes payable equals S27,000 oneterm debe e a as noo and comes on equity equals $255,000. The firm finances with only debt and common equity, so it has no preferred stock. What are the firms ROE and ROIC? Round your answers to two deamal places. ROE ROIC

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