Post Utme Uniport 2019 Accounting Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Uniport Accounting examination.

Post Utme Uniport 2019 Accounting Objective / Multiple Choice
Question 5 POST_UTME_UNIPORT • 2019 • ACCOUNTING • objective

A company's profit and loss account for the year ended December 31, 2022, shows a profit of ₦150,000. The company's balance sheet as at December 31, 2022, shows a current asset of ₦200,000 and a non-current asset of ₦300,000. Determine the company's return on investment.

Answer Options

A. 0.15
B. 0.20
Correct Answer C. 0.25
D. 0.30
Correct Answer
C
Correct Option:
0.25

About This Question

This is Post Utme Uniport 2019 Accounting Question 5. It is one of the objective questions from the 2019 Post Utme Uniport Accounting examination.

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