Post Utme Caleb University 2019 Accounting Question 33

Practice objective / multiple choice question 33 from the 2019 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2019 Accounting Objective / Multiple Choice
Question 33 POST_UTME_CALEB_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's balance sheet as at December 31, 20X8, shows the following: Share Capital: ₦ 5,000,000; Retained Earnings: ₦ 3,000,000. The company's total equity is ₦ 8,000,000. Calculate the company's debt-to-equity ratio.

Answer Options

A. 1:1
Correct Answer B. 1:2
C. 2:1
D. 3:1
Correct Answer
B
Correct Option:
1:2

About This Question

This is Post Utme Caleb University 2019 Accounting Question 33. It is one of the objective questions from the 2019 Post Utme Caleb University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support