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what is the ROIC Baker Industries' net income is $25000, its interest expense is $6000, and its tax rate is 404%. Its notes payable equals
what is the ROIC
Baker Industries' net income is $25000, its interest expense is $6000, and its tax rate is 404%. Its notes payable equals $26000, lang-term debt equals $80000, 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 Oniline file below. Open the spreadsheet and perform the required analysis to answrer the questions beiow. Open spreadsheet What are the firm's ROE and ROIC? Round your answers to two decimal places. Do not round intermediate calculations. ROE ROIC Step by Step Solution
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