Question 10

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 70%. Based on the DuPont equation, what was Vaughn's ROE? Select the correct answer. O a. 27.73% O b. 28.30% O c. 30.01% O d. 28.87% O e. 29.44%