Post Utme Unilag 2024 Commerce Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Unilag Commerce examination.

Post Utme Unilag 2024 Commerce Objective / Multiple Choice
Question 15 POST_UTME_UNILAG • 2024 • COMMERCE • objective

A bank's return on equity (ROE) is calculated as net income divided by total equity. If a bank has a net income of ₦100,000 and total equity of ₦500,000, what is its ROE?

Answer Options

Correct Answer A. 0.20
B. 0.30
C. 0.40
D. 0.50
Correct Answer
A
Correct Option:
0.20

About This Question

This is Post Utme Unilag 2024 Commerce Question 15. It is one of the objective questions from the 2024 Post Utme Unilag Commerce examination.

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