Post Utme Uniport 2022 Commerce Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Uniport Commerce examination.

Post Utme Uniport 2022 Commerce Objective / Multiple Choice
Question 26 POST_UTME_UNIPORT • 2022 • COMMERCE • objective

A company's financial statements show a net income of ₦1,000,000 and a total asset turnover ratio of 2.5. What is the return on equity (ROE) of the company?

Answer Options

A. 20%
Correct Answer B. 25%
C. 30%
D. 35%
Correct Answer
B
Correct Option:
25%

About This Question

This is Post Utme Uniport 2022 Commerce Question 26. It is one of the objective questions from the 2022 Post Utme Uniport Commerce examination.

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