Post Utme Oau 2017 Accounting Question 9

Practice objective / multiple choice question 9 from the 2017 Post Utme Oau Accounting examination.

Post Utme Oau 2017 Accounting Objective / Multiple Choice
Question 9 POST_UTME_OAU • 2017 • ACCOUNTING • objective

A company has the following financial statements: Balance Sheet and Income Statement. The Balance Sheet shows Total Assets = ₦500,000 and Total Liabilities = ₦300,000. The Income Statement shows Net Income = ₦150,000. Calculate the Return on Equity (ROE).

Answer Options

A. 30%
B. 40%
Correct Answer C. 50%
D. 60%
Correct Answer
C
Correct Option:
50%

About This Question

This is Post Utme Oau 2017 Accounting Question 9. It is one of the objective questions from the 2017 Post Utme Oau Accounting examination.

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