Post Utme Ui 2024 Commerce Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Ui Commerce examination.

Post Utme Ui 2024 Commerce Objective / Multiple Choice
Question 30 POST_UTME_UI • 2024 • COMMERCE • objective

A bank's financial statements show a net income of ₦500,000 and a total equity of ₦2,000,000. What is the bank's return on equity (ROE)?

Answer Options

A. 25%
Correct Answer B. 30%
C. 35%
D. 40%
Correct Answer
B
Correct Option:
30%

About This Question

This is Post Utme Ui 2024 Commerce Question 30. It is one of the objective questions from the 2024 Post Utme Ui Commerce examination.

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