Post Utme Nile University 2022 Commerce Question 23
Practice objective / multiple choice question 23 from the 2022 Post Utme Nile University Commerce examination.
A company has a sole trader business structure. The company's accountant has prepared a balance sheet that shows the company's assets, liabilities, and equity. The balance sheet is as follows: Assets: ₦100,000, Liabilities: ₦50,000, Equity: ₦50,000 What is the company's return on equity (ROE) for the year?
Answer Options
About This Question
This is Post Utme Nile University 2022 Commerce Question 23. It is one of the objective questions from the 2022 Post Utme Nile University Commerce examination.
Master the Exam!
You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.