Post Utme Unilag 2025 Accounting Question 24

Practice objective / multiple choice question 24 from the 2025 Post Utme Unilag Accounting examination.

Post Utme Unilag 2025 Accounting Objective / Multiple Choice
Question 24 POST_UTME_UNILAG • 2025 • ACCOUNTING • objective

A company's profit and loss account for the year ended 31st December 2024 is as follows: Sales: ₦1,500,000 Cost of Goods Sold: ₦1,200,000 Gross Profit: ₦300,000 Operating Expenses: ₦100,000 Net Profit: ₦200,000 What is the company's return on equity?

Answer Options

Correct Answer A. 10%
B. 20%
C. 25%
D. 30%
Correct Answer
A
Correct Option:
10%

About This Question

This is Post Utme Unilag 2025 Accounting Question 24. It is one of the objective questions from the 2025 Post Utme Unilag Accounting examination.

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