Post Utme Greenfield University 2024 Accounting Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2024 Accounting Objective / Multiple Choice
Question 20 POST_UTME_GREENFIELD_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has the following income statement: | Revenue | ₦100,000 | | Cost of Goods Sold | ₦80,000 | | Gross Profit | ₦20,000 | | Operating Expenses | ₦30,000 | | Net Profit | ₦10,000 | What is the company's return on equity (ROE) for the year 2024?

Answer Options

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

About This Question

This is Post Utme Greenfield University 2024 Accounting Question 20. It is one of the objective questions from the 2024 Post Utme Greenfield University Accounting examination.

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