Post Utme Ui 2018 Commerce Question 26

Practice objective / multiple choice question 26 from the 2018 Post Utme Ui Commerce examination.

Post Utme Ui 2018 Commerce Objective / Multiple Choice
Question 26 POST_UTME_UI • 2018 • COMMERCE • objective

A bank's return on equity (ROE) is a measure of its profitability. If a bank has an ROE of 12% and its equity is ₦1.2 billion, what is its net income?

Answer Options

Correct Answer A. ₦144 million
B. ₦144.8 million
C. ₦145.6 million
D. ₦146.4 million
Correct Answer
A
Correct Option:
₦144 million

About This Question

This is Post Utme Ui 2018 Commerce Question 26. It is one of the objective questions from the 2018 Post Utme Ui Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support