Post Utme Greenfield University 2020 Commerce Question 30

Practice objective / multiple choice question 30 from the 2020 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2020 Commerce Objective / Multiple Choice
Question 30 POST_UTME_GREENFIELD_UNIVERSITY • 2020 • COMMERCE • objective

A bank's return on equity (ROE) is calculated as net income divided by total equity. If a bank has a net income of ₦150 million and total equity of ₦1.5 billion, what is its ROE?

Answer Options

A. 0.1
B. 0.12
Correct Answer C. 0.15
D. 0.18
Correct Answer
C
Correct Option:
0.15

About This Question

This is Post Utme Greenfield University 2020 Commerce Question 30. It is one of the objective questions from the 2020 Post Utme Greenfield University Commerce examination.

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