Options
-
30%
Correct answer
- B
17.5%
- C
42%
- D
8.66%
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XV NISM Series XV
Medium
#NISM XV for Research Analyst
A company has an asset-to-equity ratio of 2.0, total assets of Rs. 40,00,000, net income of Rs. 600,000, and EPS of Rs. 1.00. Calculate the Return on Equity (ROE).
Practice question from NISM XV Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.