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:

Alcoholics

Individuals who suffer from alcoholism, a chronic disease characterized by uncontrolled drinking and a preoccupation with alcohol.

Commitment Systems

Frameworks or strategies employed by organizations to enhance employee engagement and dedication towards the company's goals and values.

Control Systems

Mechanisms or procedures put in place to guide, manage, or regulate the behavior and operations of an organization or process.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees over a given period.