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Problem 4-7 ROE and ROIC Hilyard Industries' net income is $26,000, its interest expense is $6,000, and its tax rate is 45%. Its notes payable
Problem 4-7 ROE and ROIC Hilyard Industries' net income is $26,000, its interest expense is $6,000, and its tax rate is 45%. Its notes payable equals $25,000, long-term debt equals $75,000, and common equity equals $250,000. The firm finances with only debt and common equity, so it has no preferred stock. What are the firm?s ROE and ROIC? Round your answers to two decimal places. ROE % ROIC %
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