Post Utme Coal City University 2020 Accounting Question 32

Practice objective / multiple choice question 32 from the 2020 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2020 Accounting Objective / Multiple Choice
Question 32 POST_UTME_COAL_CITY_UNIVERSITY • 2020 • ACCOUNTING • objective

A government agency's balance sheet shows the following: Assets ₦1,000,000, Liabilities ₦500,000, and Equity ₦500,000. What is the agency's debt-to-equity ratio?

Answer Options

A. 1:1
Correct Answer B. 2:1
C. 3:1
D. 4:1
Correct Answer
B
Correct Option:
2:1

About This Question

This is Post Utme Coal City University 2020 Accounting Question 32. It is one of the objective questions from the 2020 Post Utme Coal City University Accounting examination.

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