Post Utme Unilorin 2022 Commerce Question 22

Practice objective / multiple choice question 22 from the 2022 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2022 Commerce Objective / Multiple Choice
Question 22 POST_UTME_UNILORIN • 2022 • COMMERCE • objective

A company's income statement shows a net income of ₦1,000,000. If the company's total assets are ₦5,000,000 and its total liabilities are ₦2,000,000, what is the company's return on equity?

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 2022 Commerce Question 22. It is one of the objective questions from the 2022 Post Utme Unilorin Commerce examination.

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