(Answered) Baker industries net income is 25000 its interest expense

Management Studies

Baker Industries' net income is $25,000, its interest expense is $6,000, and its tax rate is 45%. Its notes payable equals $25,000, long-term debt equals $75,000, and common equity equals $260,000. The firm finances with only debt and common equity, so it has no preferred stock. What are the firm's ROIC?

Please show me how to calculate.

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Business Management, Management Studies

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