Post Utme Esut 2018 Accounting Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Esut Accounting examination.

Post Utme Esut 2018 Accounting Objective / Multiple Choice
Question 4 POST_UTME_ESUT • 2018 • ACCOUNTING • objective

A company's company account for the year ended 31st December 2022 is as follows: Share capital: ₦200,000 Reserves: ₦150,000 Profit for the year: ₦100,000 Total equity: ₦450,000 What is the company's return on equity?

Answer Options

A. 25%
Correct Answer B. 30%
C. 35%
D. 40%
Correct Answer
B
Correct Option:
30%

About This Question

This is Post Utme Esut 2018 Accounting Question 4. It is one of the objective questions from the 2018 Post Utme Esut Accounting examination.

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