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What are the firm ROE and ROIC

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Question - Baker Industries' net income is $21,000, its interest expense is $5,000, and its tax rate is 25%. Its notes payable equals $26,000, long-term debt equals $70,000, 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?

Reference no: EM133139595

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