Post Utme Uniport 2017 Accounting Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Uniport Accounting examination.

Post Utme Uniport 2017 Accounting Objective / Multiple Choice
Question 24 POST_UTME_UNIPORT • 2017 • ACCOUNTING • objective

A company's assets are valued at ₦1,500,000. The company's liabilities are ₦1,000,000. The company's equity is ₦500,000. Calculate the company's return on equity.

Answer Options

A. 25%
Correct Answer B. 50%
C. 75%
D. 100%
Correct Answer
B
Correct Option:
50%

About This Question

This is Post Utme Uniport 2017 Accounting Question 24. It is one of the objective questions from the 2017 Post Utme Uniport Accounting examination.

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