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Baker Industries’ net income is $24,000, its interest expense is $5,000, and its tax rate is...

Baker Industries’ net income is $24,000, its interest expense is $5,000, and its tax rate is 35%. Its notes payable equals $23,000, long-term debt equals $80,000, and common equity equals $240,000. 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 two decimal places.

ROE   %
ROIC   %

Will you please show me step by step for ROIC please

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Home nert Page Layout Formulas Data Review View dd-Ins s Cut aCopy E AutoSum Calibri ー E ゴWrap Text General B า 프 . Ej-., Δ. : r_一 逻锂函Merge & Center. $, % , 弼,8 Paste Conditional Format CeInsert Delete Format Formatting as Table Styles2 Clear Sort &Find & Format Painter Clipboard E1313 EH Font Alignment Number Styles Cells Edting El EJ EK EL EM EN EO EP EQ ER ES ET 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 ROE NET INCOME/EQUITY EQUITY NET INCOME 240000.00 24000 10.00% ANS 1 ROE EBIT INTEREST EBT TAX NET INCOME 41923.08 (INTEREST +EBT) 5000.00 36923.08 SUPPOSE EBT-100 12923.08 TAX -35 LESS 24000 NET INCOME 65 65- 100- WE WILL GET EBT = 24000 36923.077 | FIFO . CASH BUDGET 45 BV MV ratio VARIANCE BEP, OL FLaios B-S loss SALES BUDGET DIFF ANALYSIS overheadfloat 06:53 01-02-2019Home nert Page Layout Formulas Data Review View dd-Ins s Cut ta copy. E AutoSum Calibri Wrap Text General ,_a. ars-函Merge & Center, $, % , 弼,8 C Paste B 1 u. Conditional Format CeInsert Delete Format Formatting as Table Styles2 Clear Sort &Find & Format Painter Clipboard EJ323 EH Font Alignment Number Styles Cells Edting El EJ EK EL EM EN EO EP EQ ER ES ET 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 4FIFOCASH BUDGET EBIT INTEREST EBT TAX NET INCOME 41923.08 (INTEREST +EBT) 5000.00 36923.08 SUPPOSE EBT-100 12923.08 TAX 35 LESS 24000 NET INCOME 65 65 = 100- WE WILL GET EBT- 24000 36923.077 ROIC = NOPAT/TOTAL OPERATING CAPITAL NOPAT EBIT(1-t) 41923.08(1-0.35) TOTAL OPERATING CAPITAL EQUITY+LONG TERM DEBTNOTES PAYABLE TOTAL OPERATING CAPITAL 240000 80000 23000- 27250.00 343000 ANS 2 ROIC 7.94% BV MV ratio VARIANCE BEP, OL FLratiosB-S loss SALES BUDGET DIFF ANALYSIS overheadfloat 06:53 01-02-2019

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