Post Utme Bowen University 2023 Commerce Question 30

Practice objective / multiple choice question 30 from the 2023 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2023 Commerce Objective / Multiple Choice
Question 30 POST_UTME_BOWEN_UNIVERSITY • 2023 • COMMERCE • objective

A company has the following financial statements: Revenue = ₦1,500,000, Cost of Goods Sold = ₦900,000, Gross Profit = ₦600,000, Operating Expenses = ₦200,000, Net Income = ₦400,000. What is the company's Return on Equity (ROE)?

Answer Options

A. 20%
Correct Answer B. 25%
C. 30%
D. 35%
Correct Answer
B
Correct Option:
25%

About This Question

This is Post Utme Bowen University 2023 Commerce Question 30. It is one of the objective questions from the 2023 Post Utme Bowen University Commerce examination.

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