Baker Industries net income is $24000, its interest expense is $6000, and its tax rate is 45%. Its notes payable equals $23000, long-term debt equals $75000, and common equity equals $240000. 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.

What are the firms ROE and ROIC? Round your answers to two decimal places. Do not round intermediate calculations.

ROE	%
ROIC	%

A ROE and ROIC 3 Net income 4 Interest expense 5 Tax rate 6 Notes payable 7 Long-term debt 8 Common equity 9 10 ROE 11 12 Partial Income Statement: 13 EBIT 14 Interest 15 EBT 16 Taxes 17 Net income 18 19 Capital Summary: 20 Notes payable 21 Long-term debt 22 Common equity 23 24 25 ROIC 123 2 Total invested capital B $24,000 $6,000 45.00% $23,000 $75,000 $240,000 $6,000.00 $24,000.00 $23,000.00 $75,000.00 $240,000.00 C D Formulas #N/A #N/A #N/A #N/A #N/A #N/A