Post Utme Pan Atlantic University 2021 Commerce Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2021 Commerce Objective / Multiple Choice
Question 15 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2021 • COMMERCE • objective

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

Answer Options

A. 10%
Correct Answer B. 12%
C. 15%
D. 18%
Correct Answer
B
Correct Option:
12%

About This Question

This is Post Utme Pan Atlantic University 2021 Commerce Question 15. It is one of the objective questions from the 2021 Post Utme Pan Atlantic University Commerce examination.

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