Post Utme Uniosun 2018 Accounting Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2018 Accounting Objective / Multiple Choice
Question 4 POST_UTME_UNIOSUN • 2018 • ACCOUNTING • objective

A company's balance sheet as at December 31, 2022, showed the following: Share Capital: ₦500,000 Retained Earnings: ₦300,000 Accumulated Depreciation: ₦100,000 Total Assets: ₦1,200,000 Determine the company's return on equity.

Answer Options

A. 25%
Correct Answer B. 30%
C. 35%
D. 40%
Correct Answer
B
Correct Option:
30%

About This Question

This is Post Utme Uniosun 2018 Accounting Question 4. It is one of the objective questions from the 2018 Post Utme Uniosun Accounting examination.

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