Post Utme Eksu 2021 Commerce Question 2

Practice objective / multiple choice question 2 from the 2021 Post Utme Eksu Commerce examination.

Post Utme Eksu 2021 Commerce Objective / Multiple Choice
Question 2 POST_UTME_EKSU • 2021 • COMMERCE • objective

A bank's return on equity (ROE) is calculated as net income divided by shareholder equity. If a bank has a net income of ₦1.2 billion and shareholder equity of ₦10 billion, what is its ROE?

Answer Options

Correct Answer A. 12%
B. 15%
C. 18%
D. 20%
Correct Answer
A
Correct Option:
12%

About This Question

This is Post Utme Eksu 2021 Commerce Question 2. It is one of the objective questions from the 2021 Post Utme Eksu Commerce examination.

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