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Baker Industries' net income is $24,000, its interest expense is $6,000, and its tax rate is 25%. Its notes payable equals $26,000, long-term debt
Baker Industries' net income is $24,000, its interest expense is $6,000, and its tax rate is 25%. Its notes payable equals $26,000, long-term debt equals $80,000, and common equity equals $250,000. The firm finances with only debt and common equity, so it has no preferred stock. What are the firm's ROE and ROIC? Do not round intermediate calculations. Round your answers to two decimal places. ROE: % ROIC: %
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
