Post Utme Esut 2024 Commerce Question 36

Practice objective / multiple choice question 36 from the 2024 Post Utme Esut Commerce examination.

Post Utme Esut 2024 Commerce Objective / Multiple Choice
Question 36 POST_UTME_ESUT • 2024 • COMMERCE • objective

A bank's return on equity (ROE) is a measure of its profitability. If a bank's net income is ₦120 million and its total equity is ₦1.2 billion, what is its ROE?

Answer Options

A. 10%
Correct Answer B. 12%
C. 15%
D. 18%
Correct Answer
B
Correct Option:
12%

About This Question

This is Post Utme Esut 2024 Commerce Question 36. It is one of the objective questions from the 2024 Post Utme Esut Commerce examination.

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