Post Utme Summit University 2023 Commerce Question 40

Practice objective / multiple choice question 40 from the 2023 Post Utme Summit University Commerce examination.

Post Utme Summit University 2023 Commerce Objective / Multiple Choice
Question 40 POST_UTME_SUMMIT_UNIVERSITY • 2023 • COMMERCE • objective

A company's financial statements show a net income of ₦1,000,000, a total assets of ₦5,000,000, and a total liabilities of ₦3,000,000. What is the company's return on equity (ROE)?

Answer Options

A. 20%
Correct Answer B. 30%
C. 40%
D. 50%
Correct Answer
B
Correct Option:
30%

About This Question

This is Post Utme Summit University 2023 Commerce Question 40. It is one of the objective questions from the 2023 Post Utme Summit University Commerce examination.

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