Post Utme Eksu 2017 Commerce Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Eksu Commerce examination.

Post Utme Eksu 2017 Commerce Objective / Multiple Choice
Question 5 POST_UTME_EKSU • 2017 • COMMERCE • objective

A company's financial statements show a net income of ₦2,000,000 and a total equity of ₦4,000,000. What is the company's return on equity (ROE)?

Answer Options

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

About This Question

This is Post Utme Eksu 2017 Commerce Question 5. It is one of the objective questions from the 2017 Post Utme Eksu Commerce examination.

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