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Its notes payable equals 23000 long-term debt equals 75000

Hilyard Industries' net income is $27,000, its interest expense is $4,000, and its tax rate is 35%. Its notes payable equals $23,000, long-term debt equals $75,000, and common equity equals $240,000. The firm finances with only debt and common equity, so it has no preferred stock. What are the firm's ROE and ROIC?

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Finance Basics: Its notes payable equals 23000 long-term debt equals 75000

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Solution Preview :

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Finance Basics: Its notes payable equals 23000 long-term debt equals 75000

Reference No:- TGS01415786

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