Post Utme Unn 2023 Commerce Question 22

Practice objective / multiple choice question 22 from the 2023 Post Utme Unn Commerce examination.

Post Utme Unn 2023 Commerce Objective / Multiple Choice
Question 22 POST_UTME_UNN • 2023 • COMMERCE • objective

A company's financial statements show that it has a net income of ₦1,500,000 and a total equity of ₦3,000,000. What is the company's return on equity (ROE)?

Answer Options

A. 50%
Correct Answer B. 33.33%
C. 40%
D. 25%
Correct Answer
B
Correct Option:
33.33%

About This Question

This is Post Utme Unn 2023 Commerce Question 22. It is one of the objective questions from the 2023 Post Utme Unn Commerce examination.

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