Baker Industries net income is $25000, its interest expense is $6000, and its tax rate is 45%. Its notes payable equals $27000, long-term debt equals $70000, and common equity equals $260000. 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 to two decimal places. Do not round intermediate calculations.

Net Income	$25,000
Interest expense	$6,000
Tax Rate	45.00%
Notes Payable	$27,000
Long-term debt	$70,000
Common equity	$260,000
ROE

Partial Income Statement
EBIT
Interest	$6,000
EBT
Taxes
Net Income	$25,000

Capital Summary
Notes Payable	$27,000
Long-term debt	$70,000
Common Equity	$260,000
Total invested capital
ROIC