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Excel Online Structured Activity: ROE and ROIC Baker Industries' net income is $23000, its interest expense is $6000, and its tax rate is 40%. Its
Excel Online Structured Activity: ROE and ROIC Baker Industries' net income is $23000, its interest expense is $6000, and its tax rate is 40%. Its notes payable equals $24000, long-term debt equals $70000, and common equity equals $255000. 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. THA Open spreadsheet What are the firm's ROE and ROIC Round your answers to two decimal places. Do not round intermediate calculations. ROE ROIC Check My Work Reset
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Cornerstones of Managerial Accounting
Authors: Mowen, Hansen, Heitger
3rd Edition
978-0324660135
