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Last year Vincent Corp. had sales of $320,000 and a net income of $19,000, and its year-end assets were $210,000. The firm's total-debt-to-total-assets ratio
Last year Vincent Corp. had sales of $320,000 and a net income of $19,000, and its year-end assets were $210,000. The firm's total-debt-to-total-assets ratio was 45.0%. Based on the DuPont equation, what was Vaughn's ROE? 16.45% 17.95% 17.10% O 14.77% 15.51%
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
