Post Utme Abu 2023 Commerce Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Abu Commerce examination.

Post Utme Abu 2023 Commerce Objective / Multiple Choice
Question 27 POST_UTME_ABU • 2023 • COMMERCE • objective

A company's return on equity (ROE) is 15%. If its net income is ₦150,000 and its total equity is ₦1,000,000, what is its return on equity?

Answer Options

Correct Answer A. 0.15
B. 0.20
C. 0.25
D. 0.30
Correct Answer
A
Correct Option:
0.15

About This Question

This is Post Utme Abu 2023 Commerce Question 27. It is one of the objective questions from the 2023 Post Utme Abu Commerce examination.

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