Post Utme Redeemers University 2018 Accounting Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2018 Accounting Objective / Multiple Choice
Question 37 POST_UTME_REDEEMERS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's financial statements show the following: Revenue ₦500,000, Cost of Goods Sold ₦300,000, Gross Profit ₦200,000, Operating Expenses ₦100,000, and Net Income ₦100,000. Calculate the company's return on equity.

Answer Options

A. 20%
Correct Answer B. 25%
C. 30%
D. 35%
Correct Answer
B
Correct Option:
25%

About This Question

This is Post Utme Redeemers University 2018 Accounting Question 37. It is one of the objective questions from the 2018 Post Utme Redeemers University Accounting examination.

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