Post Utme Lead City University 2023 Commerce Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2023 Commerce Objective / Multiple Choice

Question 14 POST_UTME_LEAD_CITY_UNIVERSITY • 2023 • COMMERCE • objective

A company has a profit of ₦500,000 and a net worth of ₦2,000,000. What is the return on equity (ROE) of the company?

Answer Options

A. 25%

Correct Answer B. 50%

C. 75%

D. 100%

Correct Answer

Correct Option:

50%

About This Question

This is Post Utme Lead City University 2023 Commerce Question 14. It is one of the objective questions from the 2023 Post Utme Lead City University Commerce examination.

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