Post Utme Elizade University 2021 Commerce Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2021 Commerce Objective / Multiple Choice
Question 9 POST_UTME_ELIZADE_UNIVERSITY • 2021 • COMMERCE • objective

A company's financial statement shows a net income of ₦1,000,000 and a total equity of ₦5,000,000. What is the return on equity (ROE) of the company?

Answer Options

A. 20%
B. 25%
Correct Answer C. 30%
D. 35%
Correct Answer
C
Correct Option:
30%

About This Question

This is Post Utme Elizade University 2021 Commerce Question 9. It is one of the objective questions from the 2021 Post Utme Elizade University Commerce examination.

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