Post Utme Osustech 2021 Accounting Question 27
Practice objective / multiple choice question 27 from the 2021 Post Utme Osustech Accounting examination.
A company's income statement for the year shows the following: Sales Revenue ₦20,000,000, Cost of Goods Sold ₦12,000,000, Gross Profit ₦8,000,000, Operating Expenses ₦2,000,000, and Net Income ₦6,000,000. If the company's total assets at the beginning of the year were ₦10,000,000 and at the end of the year were ₦18,000,000, what is the company's return on equity?
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About This Question
This is Post Utme Osustech 2021 Accounting Question 27. It is one of the objective questions from the 2021 Post Utme Osustech Accounting examination.
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