Post Utme Covenant University 2018 Accounting Question 21

Practice objective / multiple choice question 21 from the 2018 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2018 Accounting Objective / Multiple Choice
Question 21 POST_UTME_COVENANT_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has the following balance sheet: ₦1,000,000 in assets, ₦500,000 in liabilities, and ₦200,000 in equity. Calculate the return on equity.

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 Covenant University 2018 Accounting Question 21. It is one of the objective questions from the 2018 Post Utme Covenant University Accounting examination.

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