Post Utme Coal City University 2019 Commerce Question 24

Practice objective / multiple choice question 24 from the 2019 Post Utme Coal City University Commerce examination.

Post Utme Coal City University 2019 Commerce Objective / Multiple Choice
Question 24 POST_UTME_COAL_CITY_UNIVERSITY • 2019 • COMMERCE • objective

A company's balance sheet shows a total assets of ₦5,000,000 and a total liabilities of ₦2,000,000. What is the equity ratio percentage?

Answer Options

A. 40%
Correct Answer B. 50%
C. 60%
D. 70%
Correct Answer
B
Correct Option:
50%

About This Question

This is Post Utme Coal City University 2019 Commerce Question 24. It is one of the objective questions from the 2019 Post Utme Coal City University Commerce examination.

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