Post Utme Oau 2024 Accounting Question 38

Practice objective / multiple choice question 38 from the 2024 Post Utme Oau Accounting examination.

Post Utme Oau 2024 Accounting Objective / Multiple Choice
Question 38 POST_UTME_OAU • 2024 • ACCOUNTING • objective

A company's financial statements for the year ended December 31, 2023, show the following: Total assets = ₦500,000, Total liabilities = ₦200,000, and Total equity = ₦300,000. What is the company's return on equity (ROE) for the year?

Answer Options

A. 20%
Correct Answer B. 30%
C. 40%
D. 50%
Correct Answer
B
Correct Option:
30%

About This Question

This is Post Utme Oau 2024 Accounting Question 38. It is one of the objective questions from the 2024 Post Utme Oau Accounting examination.

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