Post Utme Mountain Top University 2024 Commerce Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2024 Commerce Objective / Multiple Choice
Question 12 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • COMMERCE • objective

A bank's financial statement shows a net income of ₦1,500,000. If the bank's total assets are ₦10,000,000 and its total liabilities are ₦4,000,000, what is the bank's return on equity (ROE)?

Answer Options

Correct Answer A. 15%
B. 20%
C. 25%
D. 30%
Correct Answer
A
Correct Option:
15%

About This Question

This is Post Utme Mountain Top University 2024 Commerce Question 12. It is one of the objective questions from the 2024 Post Utme Mountain Top University Commerce examination.

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