Post Utme Mountain Top University 2019 Commerce Question 14

Practice objective / multiple choice question 14 from the 2019 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2019 Commerce Objective / Multiple Choice
Question 14 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2019 • COMMERCE • objective

A company's assets are valued at ₦10 million, liabilities are ₦3 million, and equity is ₦7 million. The return on equity (ROE) is

Answer Options

A. 10%
Correct Answer B. 15%
C. 20%
D. 25%
Correct Answer
B
Correct Option:
15%

About This Question

This is Post Utme Mountain Top University 2019 Commerce Question 14. It is one of the objective questions from the 2019 Post Utme Mountain Top University Commerce examination.

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