Post Utme Oau 2018 Commerce Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Oau Commerce examination.

Post Utme Oau 2018 Commerce Objective / Multiple Choice
Question 15 POST_UTME_OAU • 2018 • COMMERCE • objective

A company's financial statements show a net income of ₦1,000,000 and a total equity of ₦2,000,000. What is the company's return on equity (ROE)?

Answer Options

A. 50%
Correct Answer B. 60%
C. 70%
D. 80%
Correct Answer
B
Correct Option:
60%

About This Question

This is Post Utme Oau 2018 Commerce Question 15. It is one of the objective questions from the 2018 Post Utme Oau Commerce 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