Post Utme Joseph Ayo Babalola University 2018 Accounting Question 25

Practice objective / multiple choice question 25 from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2018 Accounting Objective / Multiple Choice
Question 25 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's balance sheet shows the following data: Assets: ₦500,000; Liabilities: ₦200,000; Equity: ₦300,000. Calculate the return on equity.

Answer Options

A. 20%
Correct Answer B. 30%
C. 40%
D. 50%
Correct Answer
B
Correct Option:
30%

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Accounting Question 25. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Accounting examination.

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