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Firm roe and roic-logan trucking

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Logan Trucking's net income is $55,000, its interest expense is $20,000, and its tax rate is 40%. Its notes payable equals $35,000, long-term debt equals $100,000, and common equity equals $350,000. The firm finances with only debt and common equity, so it has no preferred stock. What are the firm's ROE and ROIC?

Reference no: EM132658693

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