Post Utme Futa 2019 Commerce Question 39

Practice objective / multiple choice question 39 from the 2019 Post Utme Futa Commerce examination.

Post Utme Futa 2019 Commerce Objective / Multiple Choice
Question 39 POST_UTME_FUTA • 2019 • COMMERCE • objective

A bank's financial statement shows a net income of ₦1,500,000. What is the bank's return on equity (ROE) if its equity is ₦10,000,000?

Answer Options

Correct Answer A. 15%
B. 20%
C. 25%
D. 30%
Correct Answer
A
Correct Option:
15%

About This Question

This is Post Utme Futa 2019 Commerce Question 39. It is one of the objective questions from the 2019 Post Utme Futa Commerce examination.

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