Post Utme Uniport 2020 Commerce Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Uniport Commerce examination.

Post Utme Uniport 2020 Commerce Objective / Multiple Choice
Question 38 POST_UTME_UNIPORT • 2020 • COMMERCE • objective

A firm's return on equity (ROE) is 15%. If its net income is ₦1,500,000 and its total equity is ₦10,000,000, what is the firm's net profit margin?

Answer Options

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

About This Question

This is Post Utme Uniport 2020 Commerce Question 38. It is one of the objective questions from the 2020 Post Utme Uniport Commerce examination.

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