Post Utme Greenfield University 2020 Commerce Question 26

Practice objective / multiple choice question 26 from the 2020 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2020 Commerce Objective / Multiple Choice
Question 26 POST_UTME_GREENFIELD_UNIVERSITY • 2020 • COMMERCE • objective

A bank's return on assets (ROA) is calculated as net income divided by total assets. If a bank has a net income of ₦120 million and total assets of ₦2.5 billion, what is its ROA?

Answer Options

Correct Answer A. 0.048
B. 0.06
C. 0.072
D. 0.08
Correct Answer
A
Correct Option:
0.048

About This Question

This is Post Utme Greenfield University 2020 Commerce Question 26. It is one of the objective questions from the 2020 Post Utme Greenfield University Commerce examination.

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