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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 42.5%.Based on the DuPont equation, what was Vaughn's ROE?
Fundamental Attribution Error
The tendency to overestimate the influence of personal characteristics and underestimate the influence of situational factors when explaining other people's behavior.
Pessimistic Explanatory
A tendency to explain negative events as being widespread, permanent, and uncontrollable.
Martin Seligman
A psychologist known for his work on positive psychology, learned helplessness, and for promoting concepts such as PERMA to characterize well-being.
Downward Comparison
A social comparison strategy where individuals compare themselves to others who are less competent or in a worse situation, which can boost self-esteem.
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