Last Year Vaughn Corp

question 103

Multiple Choice

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?

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

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Definitions:

Fewer Rewards

A situation or condition where there is a reduction in the benefits, compensation, or recognition received by an individual or group.

Low Rank Positions

Occupations or roles within a hierarchy that are considered lower in status, authority, or responsibility compared to others.

Kingsley Davis

An influential American sociologist known for his work on human ecology, the theory of demographic transition, and his studies of population structure and urbanization.

Least Amount

The minimum quantity or degree attainable or required.