Post Utme Madonna University 2024 Commerce Question 37

Practice objective / multiple choice question 37 from the 2024 Post Utme Madonna University Commerce examination.

Post Utme Madonna University 2024 Commerce Objective / Multiple Choice
Question 37 POST_UTME_MADONNA_UNIVERSITY • 2024 • COMMERCE • objective

A bank's return on equity (ROE) is 12%. If the bank's net income is ₦120 million and its total equity is ₦1 billion, what is the bank's return on assets (ROA)?

Answer Options

Correct Answer A. 8%
B. 10%
C. 12%
D. 15%
Correct Answer
A
Correct Option:
8%

About This Question

This is Post Utme Madonna University 2024 Commerce Question 37. It is one of the objective questions from the 2024 Post Utme Madonna University Commerce examination.

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