Year Vaughn Corphad Sales of $315,000 and a Net Income

question 35

Multiple Choice

year Vaughn Corphad 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 42.5% Based on the Du Pont equation, what was Vaughn's ROE?

• A) 14.77%
• B) 15.51%
• C) 16.28%
• D) 17.10%
• E) 17.95%

---

Definitions:

Attentiveness

The quality of paying close attention to something or someone, showing alertness and focus.

Caudal

Pertaining to the tail or the posterior part of the body.

Cephalic

Pertaining to the head or the cranial region of the body.

Splenius

A group of muscles in the back of the neck and upper back that helps in moving and stabilizing the head.