Post Utme Christopher University 2017 Commerce Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2017 Commerce Objective / Multiple Choice
Question 29 POST_UTME_CHRISTOPHER_UNIVERSITY • 2017 • COMMERCE • objective

A company's financial statement shows a net income of ₦1,200,000 and a total equity of ₦3,500,000. What is the company's return on equity (ROE)?

Answer Options

Correct Answer A. 0.34
B. 0.35
C. 0.36
D. 0.37
Correct Answer
A
Correct Option:
0.34

About This Question

This is Post Utme Christopher University 2017 Commerce Question 29. It is one of the objective questions from the 2017 Post Utme Christopher University Commerce examination.

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