Post Utme Oau 2023 Commerce Question 33

Practice objective / multiple choice question 33 from the 2023 Post Utme Oau Commerce examination.

Post Utme Oau 2023 Commerce Objective / Multiple Choice
Question 33 POST_UTME_OAU • 2023 • COMMERCE • objective

A bank's financial statements show a net income of ₦10 million, a total assets of ₦500 million, and a total liabilities of ₦300 million. What is the bank's return on equity (ROE)?

Answer Options

Correct Answer A. 10%
B. 20%
C. 30%
D. 40%
Correct Answer
A
Correct Option:
10%

About This Question

This is Post Utme Oau 2023 Commerce Question 33. It is one of the objective questions from the 2023 Post Utme Oau Commerce examination.

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