Post Utme Covenant University 2019 Commerce Question 7

Practice objective / multiple choice question 7 from the 2019 Post Utme Covenant University Commerce examination.

Post Utme Covenant University 2019 Commerce Objective / Multiple Choice
Question 7 POST_UTME_COVENANT_UNIVERSITY • 2019 • COMMERCE • objective

A company's financial statements show a net income of ₦500,000 and a total assets of ₦2,000,000. What is the company's return on assets (ROA)?

Answer Options

A. 0.25
Correct Answer B. 0.30
C. 0.35
D. 0.40
Correct Answer
B
Correct Option:
0.30

About This Question

This is Post Utme Covenant University 2019 Commerce Question 7. It is one of the objective questions from the 2019 Post Utme Covenant University Commerce examination.

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