Post Utme Lautech 2023 General Studies Question 40

Practice objective / multiple choice question 40 from the 2023 Post Utme Lautech General Studies examination.

Post Utme Lautech 2023 General Studies Objective / Multiple Choice
Question 40 POST_UTME_LAUTECH • 2023 • GENERAL STUDIES • objective

A company has a profit of ₦2,000,000 and a total asset of ₦10,000,000. What is the company's return on equity (ROE) ratio?

Answer Options

A. 0.2
Correct Answer B. 0.4
C. 0.6
D. 0.8
Correct Answer
B
Correct Option:
0.4

About This Question

This is Post Utme Lautech 2023 General Studies Question 40. It is one of the objective questions from the 2023 Post Utme Lautech General Studies examination.

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