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 55%. Based on the DuPont equation, what was Vaughn's ROE

18.85%

Explanation:

The computation of ROE is seen below

Total asset turnover = Sales ÷ Total assets

= 315,000 ÷ 210,000

= 1.5

Debt to total asset = Debt ÷ Total assets

= 55% × 210,000

= $115,500

Total assets = Total liabilities + Total equity

Total equity = $210,000 - $115,000 = $94,500

Equity multiplier = Total asset ÷ Equity

= 210,000 ÷ 94,500

= 2.222

Profit margin = Net income ÷ Sales

= $17,832 ÷ $315,000

= 5.66%

Therefore

Return on equity = Profit margin × Total asst turnover × Equity multiplier

= 5.66% × 2.22 × 1.5

= 18.85%

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

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