* CENGAGE MINDTAP Q Search this cours HW 2 Back to Assignment Attempts: Average: / 2 8. Problem 4.07 (ROE and ROIC) eBook Baker Industries' net income is $25,000, its interest expense is $4,000, and...


* CENGAGE MINDTAP<br>Q Search this cours<br>HW 2<br>Back to Assignment<br>Attempts:<br>Average: / 2<br>8. Problem 4.07 (ROE and ROIC)<br>eBook<br>Baker Industries' net income is $25,000, its interest expense is $4,000, and its tax rate is 40%. Its notes payable equals $26,000, long-term debt equals $80,000, and common equity equals<br>$245,000. The firm finances with only debt and common equity, so it has no preferred stock. What are the firm's ROE and ROIC? Do not round intermediate calculations. Round your answers to tw<br>decimal places.<br>ROE<br>%<br>ROIC<br>%<br>

Extracted text: * CENGAGE MINDTAP Q Search this cours HW 2 Back to Assignment Attempts: Average: / 2 8. Problem 4.07 (ROE and ROIC) eBook Baker Industries' net income is $25,000, its interest expense is $4,000, and its tax rate is 40%. Its notes payable equals $26,000, long-term debt equals $80,000, and common equity equals $245,000. The firm finances with only debt and common equity, so it has no preferred stock. What are the firm's ROE and ROIC? Do not round intermediate calculations. Round your answers to tw decimal places. ROE % ROIC %

Jun 09, 2022
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