Video Excel Online Structured Activity: ROE and ROIC Baker Industries' net income is $23000, its interest expense is $6000, and its tax rate is 45%. Its notes payable equals $24000, long-term debt equals $70000, and common equity equals $245000. 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 an Round your answers to mal places. Do not round diate calculations ROE 9.38% ROIC % Check My Work Reset Problem Next al 1 ROE and ROIC 2 3 Net income 4 Interest expense 5 Tax rate 6 Notes payable 7 Long-term debt 8 Common equity $23,000 $6,000 45.00% $24,000 $70,000 $245,000 9 Formulas #N/A #N/A $6,000.00 #N/A #N/A $23,000.00 10 ROE 11 12 Partial Income Statement: 13 EBIT 14 Interest 15 EBT 16 Taxes 17 Net Income 18 19 Capital Summary: 20 Notes payable 21 Long-term debt 22 Common equity 23 Total invested capital 24 25 ROIC 26 $24,000.00 $70,000.00 $245,000.00 #N/A #N/A Sheet1 +