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  3. last year vaughn corp. had sales of $315,000 and a

Last year Vaughn Corp. had sales of $315,000 and a net income of $18,832, and...

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Accounting

Last year Vaughn Corp. had sales of $315,000 and a net income of $18,832, and its year-end assets were $210,000. The firm's total-debt-to-total-assets ratio was 52.5%. Based on the DuPont equation, what was Vaughn's ROE?

Group of answer choices

4.78%

15.51%

15.59%

14.77%

17.95%

Answer & Explanation Solved by verified expert
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