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Baker Industriesincome is $ 2 1 , 0 0 0 , its interest expense is 6 , 0 0 0 , and its tax rate

Baker Industriesincome is $21,000, its interest expense is 6,000, and its tax rate is 25%Its notes payable equals $23,000, long-term debt equals $70,000, and common equity equals $245,000. The firm finances with only debt and common equity, so it has no preferred stockfirm's ROE and ROICnot round intermediate calculations Round your answers to two places

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