Post Utme Skyline University 2017 Commerce Question 35

Practice objective / multiple choice question 35 from the 2017 Post Utme Skyline University Commerce examination.

Post Utme Skyline University 2017 Commerce Objective / Multiple Choice
Question 35 POST_UTME_SKYLINE_UNIVERSITY • 2017 • COMMERCE • objective

A company's financial statement shows a net income of ₦500,000. If its total assets are ₦2,000,000 and its total liabilities are ₦1,000,000, what is its return on equity?

Answer Options

A. 25%
Correct Answer B. 50%
C. 75%
D. 100%
Correct Answer
B
Correct Option:
50%

About This Question

This is Post Utme Skyline University 2017 Commerce Question 35. It is one of the objective questions from the 2017 Post Utme Skyline University Commerce examination.

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