Post Utme Osustech 2021 Accounting Question 29
Practice objective / multiple choice question 29 from the 2021 Post Utme Osustech Accounting examination.
A company's income statement for the year shows the following: Sales Revenue ₦15,000,000, Cost of Goods Sold ₦9,000,000, Gross Profit ₦6,000,000, Operating Expenses ₦1,500,000, and Net Income ₦4,500,000. If the company's total assets at the beginning of the year were ₦8,000,000 and at the end of the year were ₦12,000,000, what is the company's return on assets?
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About This Question
This is Post Utme Osustech 2021 Accounting Question 29. It is one of the objective questions from the 2021 Post Utme Osustech Accounting examination.
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