Post Utme Lasu 2019 Commerce Question 6

Practice objective / multiple choice question 6 from the 2019 Post Utme Lasu Commerce examination.

Post Utme Lasu 2019 Commerce Objective / Multiple Choice
Question 6 POST_UTME_LASU • 2019 • COMMERCE • objective

A bank's return on assets (ROA) is 0.15. If the bank has total assets of ₦120 billion, what is its net income?

Answer Options

Correct Answer A. ₦18 billion
B. ₦20 billion
C. ₦22 billion
D. ₦25 billion
Correct Answer
A
Correct Option:
₦18 billion

About This Question

This is Post Utme Lasu 2019 Commerce Question 6. It is one of the objective questions from the 2019 Post Utme Lasu Commerce examination.

View More Post Utme Lasu 2019 Commerce Questions More Post Utme Lasu Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support