Post Utme Unilorin 2020 Commerce Question 40

Practice objective / multiple choice question 40 from the 2020 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2020 Commerce Objective / Multiple Choice
Question 40 POST_UTME_UNILORIN • 2020 • COMMERCE • objective

A company's financial statements show a net profit of ₦1,000,000. The company's total assets are ₦5,000,000, and its total liabilities are ₦3,000,000. What is the company's return on equity (ROE)?

Answer Options

A. 20%
Correct Answer B. 25%
C. 30%
D. 35%
Correct Answer
B
Correct Option:
25%

About This Question

This is Post Utme Unilorin 2020 Commerce Question 40. It is one of the objective questions from the 2020 Post Utme Unilorin Commerce examination.

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