Post Utme Mountain Top University 2022 Accounting Question 8

Practice objective / multiple choice question 8 from the 2022 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2022 Accounting Objective / Multiple Choice
Question 8 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2022 • ACCOUNTING • objective

A company prepares a balance sheet as at 31st December 2022. The company's assets are ₦500,000, liabilities are ₦200,000, and equity is ₦300,000. What is the company's return on equity (ROE) for the year?

Answer Options

A. 20%
Correct Answer B. 25%
C. 30%
D. 35%
Correct Answer
B
Correct Option:
25%

About This Question

This is Post Utme Mountain Top University 2022 Accounting Question 8. It is one of the objective questions from the 2022 Post Utme Mountain Top University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support