Question 4 Instant Entertainment's net income is $27,000, its interest expense is $8,000, and its tax rate is 25%. Its notes payable equals $30,000, long-term debt equals $78,000, and common equity equals $253,000. The firm finances with only debt and common equity, so it has no preferred stock. What are the firm's ROE and ROIC? Question 5 Southern Electric has $12.5 billion in assets, and its tax rate is 21%. Its basic earning power (BEP) ratio is 11.5%, and its return on assets (ROA) is 4.825%. Whatis its times-interest-earned (TIE) ratio? Question 6 QPQ Incorporated has $6 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 11%, and its return on assets (ROA) is 6%. What is MPI's times-interest-earned (TIE) ratio