Post Utme Bsu 2022 Accounting Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Bsu Accounting examination.

Post Utme Bsu 2022 Accounting Objective / Multiple Choice
Question 39 POST_UTME_BSU • 2022 • ACCOUNTING • objective

A company's profit and loss account for the year ended December 31, 2022, shows a net profit of ₦200,000. The company's balance sheet as at December 31, 2022, shows total assets of ₦1,500,000 and total liabilities of ₦800,000. What is the company's return on equity (ROE) for the year?

Answer Options

A. 10%
Correct Answer B. 20%
C. 30%
D. 40%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Bsu 2022 Accounting Question 39. It is one of the objective questions from the 2022 Post Utme Bsu Accounting examination.

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