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Popeye Inc. has a net income of $ 4 2 , 0 0 0 , their interest expense is $ 1 6 , 0 0

Popeye Inc. has a net income of $42,000, their interest expense is $16,000, and their tax rate is 30%.Their notes payable equals $43,000, long-term debt equals $94,000, and common equity equals $325,000. Popeye Inc. finances their capital with only debt and common equity, so it has no preferred stock.1. Calculate the Popeye Inc's ROE2. Calculate the Popeye Inc's ROIC
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