Post Utme Joseph Ayo Babalola University 2023 Accounting Question 23

Practice objective / multiple choice question 23 from the 2023 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2023 Accounting Objective / Multiple Choice
Question 23 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following balance sheet as at December 31, 2022: Assets ₦500,000, Liabilities ₦200,000, and Equity ₦300,000. What is the return on equity?

Answer Options

Correct Answer A. 50%
B. 60%
C. 70%
D. 80%
Correct Answer
A
Correct Option:
50%

About This Question

This is Post Utme Joseph Ayo Babalola University 2023 Accounting Question 23. It is one of the objective questions from the 2023 Post Utme Joseph Ayo Babalola University Accounting examination.

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