Post Utme Esut 2018 Commerce Question 31

Practice objective / multiple choice question 31 from the 2018 Post Utme Esut Commerce examination.

Post Utme Esut 2018 Commerce Objective / Multiple Choice
Question 31 POST_UTME_ESUT • 2018 • COMMERCE • objective

A bank's return on equity (ROE) is a measure of its profitability. If a bank has an ROE of 12% and its equity is ₦1.2 billion, what is its net income?

Answer Options

A. ₦144 million
Correct Answer B. ₦144.8 million
C. ₦145.6 million
D. ₦146.4 million
Correct Answer
B
Correct Option:
₦144.8 million

About This Question

This is Post Utme Esut 2018 Commerce Question 31. It is one of the objective questions from the 2018 Post Utme Esut Commerce examination.

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