Baker Industries$$ net income is $$25000,$ its interest expense is $$4000,$ and its tax rate is $45\%.$ Its notes payable equals $$24000,$ 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 fill in the blank $2$

$\%$

ROIC fill in the blank $3.$ ROE and ROIC

Net income $$25,000$

Interest expense $$4,000$

Tax rate $45\mathrm{.}00\%$

Notes payable $$24,000$

Long$-$term debt $$70,000$

Common equity $$245,000$

Formulas

ROE #N$/$A

Partial Income Statement:

EBIT #N$/$A

Interest $$4,000\mathrm{.}00$

EBT #N$/$A

Taxes #N$/$A

Net income $$25,000\mathrm{.}00$

Capital Summary:

Notes payable $$24,000\mathrm{.}00$

Long$-$term debt $$70,000\mathrm{.}00$

Common equity $$245,000\mathrm{.}00$

Total invested capital #N$/$A

ROIC #N$/$A