Post Utme Uniben 2019 Commerce Question 6

Practice objective / multiple choice question 6 from the 2019 Post Utme Uniben Commerce examination.

Post Utme Uniben 2019 Commerce Objective / Multiple Choice
Question 6 POST_UTME_UNIBEN • 2019 • COMMERCE • objective

A bank's return on equity (ROE) is a measure of its profitability. If a bank's net income is ₦120 million and its total equity is ₦1.2 billion, what is its ROE?

Answer Options

A. 0.10
Correct Answer B. 0.12
C. 0.15
D. 0.20
Correct Answer
B
Correct Option:
0.12

About This Question

This is Post Utme Uniben 2019 Commerce Question 6. It is one of the objective questions from the 2019 Post Utme Uniben Commerce examination.

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