Post Utme Lautech 2021 Commerce Question 38

Practice objective / multiple choice question 38 from the 2021 Post Utme Lautech Commerce examination.

Post Utme Lautech 2021 Commerce Objective / Multiple Choice
Question 38 POST_UTME_LAUTECH • 2021 • COMMERCE • objective

A firm's financial statements show a net income of ₦1,500,000 and a total equity of ₦2,500,000. What is the return on equity (ROE) for the firm?

Answer Options

A. 60%
Correct Answer B. 65%
C. 70%
D. 75%
Correct Answer
B
Correct Option:
65%

About This Question

This is Post Utme Lautech 2021 Commerce Question 38. It is one of the objective questions from the 2021 Post Utme Lautech Commerce examination.

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