Click here to read the eBook Potential Misuses of Roe ROE AND ROIC Baker Industries net income is $24,000, its interest expense is $5,000, and its tax rates 40%Its notes payable equal $23,000, long-term debt equals $75.000, and common equity equals $260,000. The firm finances with only debt and common equity, so it has no preferred stock. What are the firm's Roland ROIC Round your answers to two decimal places. De not round Intermediate calculations ROE ROIC Click here to read the book profitability Ratios RATIO CALCULATIONS Assume the following relationships for the Caulder Corp. Sales/Total assets 1.7% Return on assets (ROA) 39 Return on equity (ROE) 139 a. Calculate Caulder's profit margin assuming the firm uses only debt and common equity, so total assets equal total invested capital. Round your answer to two decimal places. % b. Calculate Coulder's debt-to-capital ratio assuming the fiem uses only debt and common equity, so total assets equal total invested capital. Round your answer to two decimal places