Post Utme Madonna University 2018 Accounting Question 17
Practice objective / multiple choice question 17 from the 2018 Post Utme Madonna University Accounting examination.
A company's profit and loss account for the year ended 31st December 2018 is as follows: Revenue: ₦1,500,000 Cost of Goods Sold: ₦1,200,000 Gross Profit: ₦300,000 Selling and Distribution Expenses: ₦120,000 Operating Profit: ₦180,000 Interest Received: ₦20,000 Interest Paid: ₦30,000 Profit Before Tax: ₦150,000 Tax: ₦30,000 Profit After Tax: ₦120,000 Calculate the company's return on equity.
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About This Question
This is Post Utme Madonna University 2018 Accounting Question 17. It is one of the objective questions from the 2018 Post Utme Madonna University Accounting examination.
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