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?.

Question

03-05-2022
Math

Answered

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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?.

Sagot :

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