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QUESTION
Baker Industries net income is $24,000, its interest expense is $5,000 and its tax rate is 40%. Its notes payable equals $27,000, long-term debt...
Baker Industries net income is $24,000, its interest expense is $5,000 and its tax rate is 40%. Its notes payable equals $27,000, long-term debt equals $75,000, and common equity equals $250,000. The firs finances with only debt and common equity, so it has not preferred stock. What are the firms ROE and ROIC?
