Post Utme Nile University 2023 Accounting Question 4
Practice objective / multiple choice question 4 from the 2023 Post Utme Nile University Accounting examination.
A company's financial statements for the year ended 31 December 2022 are as follows: | Statement | Amount | | --- | --- | | Revenue | 100,000 | | Cost of Goods Sold | 60,000 | | Gross Profit | 40,000 | | Operating Expenses | 20,000 | | Net Profit | 20,000 | What is the company's return on equity (ROE) for the year?
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This is Post Utme Nile University 2023 Accounting Question 4. It is one of the objective questions from the 2023 Post Utme Nile University Accounting examination.
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