Post Utme Elizade University 2019 Commerce Question 41

Practice objective / multiple choice question 41 from the 2019 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2019 Commerce Objective / Multiple Choice
Question 41 POST_UTME_ELIZADE_UNIVERSITY • 2019 • COMMERCE • objective

A company has the following balance sheet: Assets = ₦100m, Liabilities = ₦50m, Equity = ₦50m. What is the company's return on equity?

Answer Options

A. 1:1
B. 1:2
Correct Answer C. 2:1
D. 3:1
Correct Answer
C
Correct Option:
2:1

About This Question

This is Post Utme Elizade University 2019 Commerce Question 41. It is one of the objective questions from the 2019 Post Utme Elizade University Commerce examination.

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