Post Utme Wellspring University 2018 Accounting Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2018 Accounting Objective / Multiple Choice
Question 37 POST_UTME_WELLSPRING_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has a balance sheet that shows total assets of ₦500,000 and total liabilities of ₦200,000. If the company's equity is ₦300,000, calculate the company's return on equity (ROE).

Answer Options

A. 50%
Correct Answer B. 60%
C. 70%
D. 80%
Correct Answer
B
Correct Option:
60%

About This Question

This is Post Utme Wellspring University 2018 Accounting Question 37. It is one of the objective questions from the 2018 Post Utme Wellspring University Accounting examination.

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