Solution-What was Vaughns ROE, Last year Vaughn Corp. had

What was Vaughns ROE

Reference no: EM132535265

Question - Last year Vaughn Corp. had sales of $315,000 and a net income of $17,832, and its year-end assets were $210,000. The firm's total-debt-to-total-assets ratio was 60%. Based on the DuPont equation, what was Vaughn's ROE?

a. 21.23%

b. 20.73%

c. 19.73%

d. 20.23%

e. 21.73%

Reference no: EM132535265

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What was Vaughns ROE

Reference no: EM132535265

Reference no: EM132535265

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