Excel Online Structured Activity: ROE and ROIC

Baker Industries' net income is $$24000,$ its interest expense is $$4000,$ and its tax rate is $40\%.$ Its notes payals $$23000,$ long$-$term $$80000,$ and common equity equals $$240000.$ 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.

Open spreadsheet

What are the firm's ROE and ROIC? Round your answers to two decimal places. Do not round intermediate calculations.

ROE

$\%$

ROIC

$\%$