Post Utme Coal City University 2019 Commerce Question 22

Practice objective / multiple choice question 22 from the 2019 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2019 Commerce Objective / Multiple Choice
Question 22 POST_UTME_COAL_CITY_UNIVERSITY • 2019 • COMMERCE • objective

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

Answer Options

A. 50%
Correct Answer B. 60%
C. 70%
D. 80%
Correct Answer
B
Correct Option:
60%

About This Question

This is Post Utme Coal City University 2019 Commerce Question 22. It is one of the objective questions from the 2019 Post Utme Coal City University Commerce examination.

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