Post Utme Elizade University 2017 Accounting Question 40

Practice objective / multiple choice question 40 from the 2017 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2017 Accounting Objective / Multiple Choice
Question 40 POST_UTME_ELIZADE_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's financial statements for the year ended December 31, 2022, are as follows: Balance Sheet: Assets: ₦100,000 Liabilities: ₦0,000 Equity: ₦0,000 Income Statement: Revenue: ₦100,000 Expenses: ₦0,000 Net Income: ₦0,000 Determine the company's return on equity (ROE) for the year.

Answer Options

A. 10%
Correct Answer B. 20%
C. 30%
D. 40%
Correct Answer
B
Correct Option:
20%

About This Question

This is Post Utme Elizade University 2017 Accounting Question 40. It is one of the objective questions from the 2017 Post Utme Elizade University Accounting examination.

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