Post Utme Al Hikmah University 2022 Commerce Question 6

Practice objective / multiple choice question 6 from the 2022 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2022 Commerce Objective / Multiple Choice
Question 6 POST_UTME_AL-HIKMAH_UNIVERSITY • 2022 • COMMERCE • objective

A bank's return on assets (ROA) is a measure of its ability to generate earnings from its assets. If a bank has an ROA of 0.02 and its total assets are ₦10 billion, what is its net income?

Answer Options

A. ₦200 million
Correct Answer B. ₦400 million
C. ₦600 million
D. ₦800 million
Correct Answer
B
Correct Option:
₦400 million

About This Question

This is Post Utme Al Hikmah University 2022 Commerce Question 6. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Commerce examination.

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