Post Utme Redeemers University 2022 Commerce Question 39

Practice objective / multiple choice question 39 from the 2022 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2022 Commerce Objective / Multiple Choice
Question 39 POST_UTME_REDEEMERS_UNIVERSITY • 2022 • COMMERCE • objective

A company's financial statements show a net income of ₦1.2 million and a total equity of ₦3.5 million. What is the company's return on equity (ROE)?

Answer Options

Correct Answer A. 35%
B. 40%
C. 45%
D. 50%
Correct Answer
A
Correct Option:
35%

About This Question

This is Post Utme Redeemers University 2022 Commerce Question 39. It is one of the objective questions from the 2022 Post Utme Redeemers University Commerce examination.

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