Post Utme Lautech 2018 Accounting Question 34

Practice objective / multiple choice question 34 from the 2018 Post Utme Lautech Accounting examination.

Post Utme Lautech 2018 Accounting Objective / Multiple Choice
Question 34 POST_UTME_LAUTECH • 2018 • ACCOUNTING • objective

A company has the following balance sheet as at 31st December, 2017: assets ₦500,000, liabilities ₦200,000, and equity ₦300,000. What is the return on equity (ROE) for the year?

Answer Options

A. 20%
Correct Answer B. 25%
C. 30%
D. 35%
Correct Answer
B
Correct Option:
25%

About This Question

This is Post Utme Lautech 2018 Accounting Question 34. It is one of the objective questions from the 2018 Post Utme Lautech Accounting examination.

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