Post Utme Uniport 2020 Commerce Question 15

Practice objective / multiple choice question 15 from the 2020 Post Utme Uniport Commerce examination.

Post Utme Uniport 2020 Commerce Objective / Multiple Choice
Question 15 POST_UTME_UNIPORT • 2020 • COMMERCE • objective

A company's financial statements show that its net income increased by 20% and its total assets increased by 15% over the past year. If the company's initial total assets were ₦100 million, what is its current net income?

Answer Options

A. ₦24 million
B. ₦25 million
Correct Answer C. ₦26 million
D. ₦27 million
Correct Answer
C
Correct Option:
₦26 million

About This Question

This is Post Utme Uniport 2020 Commerce Question 15. It is one of the objective questions from the 2020 Post Utme Uniport Commerce examination.

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