A-Z LO look Problem Walk-Through Baker Industries' net income is $24,000, its interest expense is...
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A-Z LO look Problem Walk-Through Baker Industries' net income is $24,000, its interest expense is $4,000, and its tax rate is 25%. Its notes payable equals $23,000, long-term debt equals 580,000, and common equity equals $250,000. 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 600 321 PM 3/22/2022
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