Post Utme Caleb University 2022 Accounting Question 36

Practice objective / multiple choice question 36 from the 2022 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2022 Accounting Objective / Multiple Choice
Question 36 POST_UTME_CALEB_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following balance sheet as of December 31, 2022: Assets ₦500,000; Liabilities ₦200,000; Equity ₦300,000. What is the company's return on equity (ROE) for the year?

Answer Options

A. 0.6
Correct Answer B. 0.7
C. 0.8
D. 0.9
Correct Answer
B
Correct Option:
0.7

About This Question

This is Post Utme Caleb University 2022 Accounting Question 36. It is one of the objective questions from the 2022 Post Utme Caleb University Accounting examination.

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